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P&G Renews Efforts to Buy Beiersdorf

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By: TOM BRANNA

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The Procter & Gamble Co. said to be reviving efforts to acquire Beiersdorf AG, the maker of Nivea skin products, according to industry reports.German business newspaper Handelsblatt cited company sources as saying P&G was doing all it could to buy shares in the Hamburg-based group, currently controlled by insurer Allianz and family-owned coffee-to-retail group Tchibo. The newspaper said P&G, which has just completed a 5.6 billion euro acquisition of German hair care firm Wella, ha...

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