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September 23, 2002
By: TOM BRANNA
Editor
Procter & Gamble Co., Cincinnati, OH, is said to be in talks to buy Allianz AG’s 43.6% stake in Beiersdorf AG, the maker of Nivea products, according to The Financial Times.Citing unspecified industry sources, the report said P&G had approached Allianz, and that an offer would follow within the next few days. Allianz’s stake is valued at about $3 billion, according to the report.Coffee maker Tchibo Holdings AG, which holds a 30% stake, is already preparing a response to the...
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