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Reuters
Published
Sep 30, 2010
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Beiersdorf owner unwilling to sell to P&G

By
Reuters
Published
Sep 30, 2010

(Reuters) - German Beiersdorf's (BEIG.DE) majority shareholder maxingvest is not willing to sell its stake to Procter & Gamble, a person familiar with the situation said on Wednesday.

Beiersdorf, P&G

According to a report by Bloomberg, Procter & Gamble has expressed an interest in buying part or all of the German maker of Nivea products.

maxingvest, which holds a stake of 50.5 percent in Beiersdorf, declined to comment on the report.

Beiersdorf said that it is unaware of interest of Procter & Gamble, while Procter & Gamble could not immediately comment.

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