FRANKFURT May 6 The chief executive of German
diversified chemicals maker Evonik said on Tuesday
that the company would put more emphasis on strengthening its
portfolio, aiming for takeovers.
Minor acquisitions might come in the course of the year, CEO
Klaus Engel said in a conference call, adding that the group was
also prepared for acquisitions valued at 1 billion euros ($1.4
billion) and more.
"Larger acquisitions are not ruled out," he added.
He declined to comment on media speculation regarding a
potential interest in Bayer's MaterialScience unit.
($1 = 0.7205 Euros)
(Reporting by Kirsti Knolle; Editing by Ludwig Burger)