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MarketScreener Homepage  >  Equities  >  Xetra  >  Beiersdorf Aktiengesellschaft    BEI   DE0005200000

BEIERSDORF AKTIENGESELLSCHAFT

(BEI)
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Beiersdorf to Buy Coppertone Sun-Care Business From Bayer for $550 Million

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05/13/2019 | 01:37pm EDT

By Colin Kellaher

Beiersdorf AG on Monday said it agreed to buy Bayer AG Coppertone sun-care business for $550 million.

Beiersdorf, the Hamburg, Germany, maker of Nivea skin cream, said the acquisition marks its entry into the U.S. sun-care market and strengthens its presence in North America.

Beiersdorf said the Coppertone business generated sales of about $213 million last year.

Bayer in November announced plans to cut 12,000 jobs and sell the Coppertone line, along with its animal-health business and Dr. Scholl's foot-care products. The Leverkusen, Germany, chemical-and-pharmaceutical company had acquired Coppertone as part of its $14.2 billion purchase of Merck & Co.'s (MRK) consumer-care business in 2014.

Beiersdorf said the supervisory boards of both companies have approved the transaction, which it expects to complete in the third quarter.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BAYER AG -0.15% 59.01 Delayed Quote.-2.44%
BEIERSDORF AKTIENGESELLSCHAFT 0.66% 107.3 Delayed Quote.16.88%
MERCK AND COMPANY 0.13% 81.785 Delayed Quote.6.78%
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Financials (EUR)
Sales 2019 7 656 M
EBIT 2019 1 111 M
Net income 2019 780 M
Finance 2019 4 671 M
Yield 2019 0,66%
P/E ratio 2019 30,9x
P/E ratio 2020 28,8x
EV / Sales2019 2,55x
EV / Sales2020 2,53x
Capitalization 24 168 M
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Mean consensus HOLD
Number of Analysts 28
Average target price 99,99  €
Last Close Price 105,85  €
Spread / Highest target 18,1%
Spread / Average Target -5,54%
Spread / Lowest Target -23,5%
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Managers
NameTitle
Stefan de Loecker Chairman-Executive Board
Reinhard Pöllath Chairman-Supervisory Board
Dessi Temperley Chief Financial Officer
Michael Herz Member-Supervisory Board
Manuela Rousseau Member-Supervisory Board
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