Henkel buys stake in Wella

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Related tags: Stock

German pharmaceutical group Henkel has acquired a stake of 6.86 per cent in the
share capital of Wella. Through a subsidiary, the group obtained
4.99 per cent of the common shares and 10.38 per cent of the
preferred non voting shares.

German pharmaceutical group Henkel​ has acquired a stake of 6.86 per cent in the share capital of Wella. Through a subsidiary the group obtained 4.99 per cent of the common shares and 10.38 per cent of the preferred non voting shares.

In a statement Henkel said 'in view of the current stock market conditions Henkel regards this shareholding as an interesting investment. '​ The Henkel group operates in three business areas Home Care, Personal Care, and Adhesives, Sealants and Surface Treatment. In fiscal 2002, the Henkel Group generated sales of 9.66 billion euros and an operating profit (EBIT) of 666 million euros.

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