P&G’s Beiersdorf attemps repelled by Tchibo

Procter & Gamble’s attempts to acquire Beiersdorf, the manufacturer of Nivea, have been repelled by German coffee retailer Tchibo. Tchibo has boosted its controlling share in Beiersdorf to about 50 per cent.

Procter & Gamble’s attempts to acquire Beiersdorf, the manufacturer of Nivea, have been repelled by German coffee retailer Tchibo. Tchibo has boosted its controlling share in Beiersdorf to about 50 per cent.

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