Benpac: why the Gallus deal failed Jo Francis Monday, February 1, 2021
Benpac Holding has blamed “resistance” from the Gallus operations and the market in general, conflicts over future co-operation, and negative media reports for its decision not to complete its takeover of Gallus as planned.
Benpac: successful implementation had to be called into question
In a statement, Benpac chief executive Marco Corvi said: “The reasons for this decision are essentially the resistance that Benpac has faced in recent months. The reactions from the market and from the Gallus companies themselves were so strong that successful implementation had to be called into question. The decision was also influenced by negative media reports that damaged the reputation of Benpac Holding AG and Marco Corvi personally.”