Covestro wants to be more involved in acquisitions | message

The Covestro Plastics Group wants to become more active in the future. "On the subject of mergers and acquisitions, we have done very little in the past, it should change," said finance director Thomas Toepfer of the "Brsen newspaper" (Saturday edition). "We are looking to the left and right to see what opportunities are available without putting us under any pressure," says the head of the financial department of Bayer's former subsidiary since April this year.

KION (KION GROUP) wants to search for businesses and products that make the portfolio less sensitive to economic ups and downs. Specifically, it is the smaller segment of Coatings, Adhesives, Specialties, CAS short, which should be spicy with takeovers. "Overall, the CAS segment is relatively non-cyclical, generating a stable EBITDA margin of 20% more," said Toepfer.

dpa-AFX