BERLIN Dec 29 German consumer goods group
Henkel dampened expectations it was looking at
acquisitions soon, saying the market currently offers few
takeover opportunities, Handelsblatt reported, citing Chief
Executive Kasper Rorsted.
Rorsted's comments contrast with remarks made by Henkel's
supervisory board chairwoman, Simone Bagel-Trah, who was quoted
three weeks ago as saying that the time had come to focus on
"With the low interest rates, hardly anyone wants to swap
businesses for money," the Handelsblatt business daily quoted
Rorsted as saying in an interview to be published on Monday.
"Opportunities will yet emerge over the coming three years,"
the CEO said.
Last month, Rorsted himself said the group was looking at
takeover opportunities if they were a good strategic fit and
that it had a 4 billion euro ($5.5 billion) war chest for
In its last major acquisition, Henkel bought National Starch
in 2008 for 3.7 billion euros to expand its adhesives division.
($1 = 0.7258 euros)
(Reporting by Andreas Cremer; Editing by Matthew Tostevin)