Edition:
India

Beiersdorf Supervisory Board On New Strategy Says: We Will Have To Push Ourselves


Wednesday, 17 Apr 2019 

April 17 (Reuters) - Beiersdorf AG ::SUPERVISORY BOARD HEAD SAYS ON UNCHANGED DIVIDENDS, MONEY FROM THE BUSINESS BELONGS TO THE BUSINESS.SUPERVISORY BOARD HEAD SAYS, ON NEW STRATEGY AND GOALS, WE WILL HAVE TO PUSH OURSELVES.SUPERVISORY BOARD CHIEF, ASKED ON ACQUISITION, SAYS I CANNOT SPEND THAT MONEY, PROPOSALS HAVE TO BE MADE BY EXECUTIVE BOARD.SUPERVISORY BOARD CHIEF SAYS IF WE DO ACQUISITIONS, THEN THIS WILL BE IN THE SEGMENT OF SKIN CARE BUT YOU WON'T FIND A COMPANY WHICH NEEDS TO SELL.SUPERVISORY BOARD SAYS IT IS NOT SURPRISING THAT MANAGEMENT HAS NOT YET FOUND SUITABLE TARGET.SUPERVISORY BOARD HEAD SAYS ON HIGH LIQUIDITY WE ARE NOT WORRIED THAT OUR 4 BILLION EURO CASH POSITION WILL ATTRACT HOSTILE INVESTOR.SUPERVISORY BOARD HEAD SAYS OUR SHARE STRUCTURE MEANS BEING A HOSTILE SHAREHOLDER MAKES NO SENSE.