Dusseldorf, New York Activist investors from the USA are increasing their pressure on large companies in their home market and increasingly also in Europe. They don’t shy away from big names: This is shown by the attacks on the chemical and pharmaceutical group Bayer in Germany and on the Google parent Alphabet or the software manufacturer Salesforce in the USA.
The activists also see opportunities in smaller German companies. The most recent example is Brenntag in Essen, world market leader in chemical trading. The management bodies of the Dax group received a letter from the US hedge fund Engine Capital on Tuesday. In it, the investor calls for the trade in specialty chemical products to be separated from bulk chemical distribution.
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