The Republic of Ireland china company Waterford Wedgwood (expected profits of IR 39 million in 1996), is set to acquire a 9.1% stake in the German group Rosenthal for around IR 3 million. It also has …
The Republic of Ireland china company Waterford Wedgwood (expected profits of IR 39 million in 1996), is set to acquire a 9.1% stake in the German group Rosenthal for around IR 3 million. It also has an option to acquire another 15% in the next four years. Finance director Richard Barnes said the move would help exports into European markets. “We sell very little in Germany, where Rosenthal has widespread distribution and a 25% market share.” The deal is subject to approval by Rosenthal“s shareholders at an extraordinary general meeting to be held on 31 January 1997.