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Beiersdorf Has $2.24 Billion War Chest

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By: TOM BRANNA

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Nivea maker Beiersdorf could muster a war chest of around two billion euros ($2.24 billion) for acquisitions without raising capital, chief executive Rolf Kunisch said Sunday to newspaper Frankfurter Allgemeine Zeitung, according to a Reuters report.He confirmed the company focused its hunt on consumer brands in the U.S., but declined to give details. Mr. Kunisch once again called on Beiersdorf’s main shareholders, insurer Allianz and private retail group Tchibo, to end the uncertainty ove...

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