Altana AG, the German specialty chemicals maker owned by billionaire Susanne Klatten, may look again at buying parts of U.S. rival Rockwood Holdings Inc. after it abandoned a bid for the whole company in 2008.
In the spring of 1945, Harald Quandt, a 23-year-old officer in the German Luftwaffe, was being held as a prisoner of war by Allied forces in the Libyan port city of Benghazi when he received a farewell letter from his mother, Magda Goebbels -- the wife of Nazi propaganda minister Joseph Goebbels.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Altana, the German chemical maker owned by Bayerische Motoren Werke AG heiress Susanne Klatten , is seeking acquisitions and can spend 1 billion euros ($1.4 billion) without jeopardizing its credit rating, Sueddeutsche Zeitung said, citing an interview with Chief Executive Officer Matthias Wolfgruber .
Most European stocks declined, following two weeks of losses for the Stoxx Europe 600 Index, as euro-area policy makers discussed channeling additional financial support through the International Monetary Fund.
Altana AG, the 140-year-old maker of chemical additives owned by billionaire Susanne Klatten, reshuffled its supervisory board, with the former chief executive of Cognis, Antonio Trius, joining as a board member following its takeover by BASF SE.
Germany’s SGL Carbon SE doesn’t see a full takeover as likely by Bayerische Motoren Werke AG and the carmaker’s heiress Susanne Klatten, Chief Financial Officer Juergen Muth told the Frankfurter Allgemeine Sonntagszeitung.
Altana AG Chief Executive Officer Matthias Wolfgruber said his search for an acquisition to add a fifth division to the German chemicals maker is being hampered in part by the high price tags placed on potential targets.
Bayerische Motoren Werke AG will next year seek to get a woman on its management board following pressure from one of its co-owners, Handelsblatt reported, citing unidentified people within the company.