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June 17, 2016

Cargill gets $10 million in tax breaks to stay in Wichita; Merck shares sore following lung cancer study; and Volkswagen families display unity ahead of annual general meeting

Cargill gets $10 million in tax breaks to stay in Wichita

A deal to keep family-controlled Cargill operating in Wichita includes nearly $10 million in tax breaks from government entities over a 10-year period, according to documents obtained by the Associated Press.

March 26, 2015

Merck deputy chief Oschmann to become CEO; China National Chemical Corp to buy Pirelli for $7.7 billion; and Airbus sells stake in Dassault Aviation

Merck deputy chief Oschmann to become CEO

German pharmaceutical company Merck, 70% owned by the eponymous founding family, will promote deputy chief executive Stefan Oschmann to the top job next year, according to Manger Magazin.

The 57-year-old will reportedly take on the new role after the group’s annual shareholder meeting in 2016, when current CEO Karl-Ludwig Kley’s current contract expires.

September 25, 2014

Merck to acquire US Sigma-Aldrich for $17 billion; Colombian family-owned bank raises $1.26 billion at IPO; and Ikea announces €2 billion expansion in Russia

Merck to acquire US Sigma-Aldrich for $17 billion; Colombian family-owned bank raises $1.26 billion at IPO; and Ikea announces €2 billion expansion in Russia

Merck to acquire US Sigma-Aldrich for $17 billion 

German pharmaceutical company Merck, 70% owned by the eponymous founding family, has agreed to buy US firm Sigma-Aldrich for $17 billion (€13.3 billion) in order to bolster its laboratory supplies business. 

December 6, 2013

Germany’s Merck bulked up its materials and specialty chemicals business with purchase of high-tech electronic materials company and George Soros bought into Australia’s Nine Entertainment’s IPO.

Germany’s Merck bulked up its materials and specialty chemicals business with purchase of high-tech electronic materials company and George Soros bought into Australia’s Nine Entertainment’s IPO.

Merck
German pharmaceuticals and chemicals business Merck, which is 70% owned by the eponymous founding family, is to buy Britain's AZElectronic Materials for £2.6 billion (€3.1 billion).

November 18, 2013

Italian family businesses Exor and Ferragamo both saw dramatic increases in profit in the third quarter of 2013, while revenue at Italian refinery business Saras was badly hit by the falling price of oil.

Italian family businesses Exor and Ferragamo both saw dramatic increases in profit in the third quarter of 2013, while revenue at Italian refinery business Saras was badly hit by the falling price of oil.

Bouygues
French telecommunication and construction company Bouygues, controlled by the eponymous family, reported third-quarter sales of €9,048 billion – level with the same period last year, but revenues for the first nine months of 2013 dipped 1% to €24,255.

March 14, 2013

Several European family businesses have posted encouraging results for 2012, with Inditex, Merck, Mercadona and Henkel all reporting strong revenue increases.

Several European family businesses have posted encouraging results for 2012, with Inditex, Merck, Mercadona and Henkel all reporting strong revenue increases.

Inditex
On 13 March, Spanish clothing giant Inditex said revenues for its fiscal 2012 were €15.9 billion – an increase of 16% on 2011's figures.

February 27, 2012

Global volatility looks to be taking its toll on European family-run companies Merck and Fiat, which are respectively cutting jobs and considering closing plants to improve margins.

Global volatility looks to be taking its toll on European family-run companies Merck and Fiat, which are respectively cutting jobs and considering closing plants to improve margins.

German family business Merck, which operates in the pharmaceutical industry, plans to reduce its workforce “across all businesses and regions”, according to a statement.

August 26, 2010

Marc Smith analyses the trends

Just a few years ago they were analogous to the gluttonous charicatures in a Hogarth painting, but M&A deals have been on the equivalent of a corporate Atkins diet of late.

The biggest deal this year involves a family-controlled Indian business in the telecommunications sector with a price tag of $11 billion.

In sharp contrast, when we last covered the family business M&A story in the summer of 2007, the largest deal was a joint $96 billion bid for ABN Amro by the Botin family-controlled Santander group in partnership with RBS and Fortis.

August 25, 2010

The M&A market has been transformed over the last few years as the mega deals of the boom years have given way to more modest strategic transactions. Here are the year's largest M&A deals involving family firms

01 $11 billion Reliance Infratel's merger with GTL Infrastructure

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