Altana AG, the chemical-maker that bought Rockwood Holding Inc.’s clay-additives unit last year for $635 million, will achieve half of its target of doubling sales by the end of the decade via acquisitions, according to Chief Executive Officer Matthias Wolfgruber.
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 .
Bayerische Motoren Werke AG’s controlling family last week donated 690,000 euros ($930,000) to German Chancellor Angela Merkel’s party, just days before Germany successfully blocked stricter European Union regulations on carbon dioxide emissions.
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 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.
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.