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Ferrero Group announces new governance set up

March 30, 2017

The Ferrero Group has decided to undertake a new governance set up to strengthen its competitive position in the chocolate and sweet packaged food market worldwide and accelerate growth momentum. The Ferrero Group’s entrepreneur and CEO, Mr. Giovanni Ferrero, will assume the role of Executive..

Praxair-Linde merger opposed by European works council

March 30, 2017

European worker representatives of German industrial gases group Linde are opposed to a merger with U.S. rival Praxair and want labor members of the supervisory board to vote against the deal, a letter seen by Reuters shows. The German and U.S. industrial-gases groups are working..

Sika investor Southeastern sells its stake

March 30, 2017

Southeastern Asset Management has sold all its shares in Sika, the investor, which has previously backed the Swiss company’s efforts to fend off a hostile takeover from Saint-Gobain, said on Monday. “Southeastern is no longer invested in Sika,” a spokesman for the U.S. asset manager..

Novo to buy 20% stake in UK’s ConvaTec

March 30, 2017

Novo A/S, the holding company for the Novo Group and fully owned subsidiary of the Novo Nordisk Foundation, has announced plans to acquire a 19.95 percent stake in UK medical products and technologies group ConvaTec for around for £1.01 billion. Headquartered in Reading, ConvaTec –..