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May 18, 2004
By: TOM BRANNA
Editor
Germany’s Henkel said on Tuesday that it had received 410 million euros ($493 million) after Cognis redeemed and paid interest on a 350-million-euro loan dating back to 2001. The loan by the consumer goods group had been made following the sale of Cognis, which included Henkel’s chemical activities, to private equity funds Permira, GS Capital Partners and Schroder Ventures Life Sciences three years ago.Henkel completed its $2.9 billion purchase of U.S. soap maker Dial earlier this ye...
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