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Germanyâs âSausage Kingâ Is Said to Explore $5 Billion Sale
Mar 19 2021, 7:47 PM
March 18 2021, 8:55 PM
March 19 2021, 7:47 PM
(Bloomberg) Billionaire Clemens Toennies is exploring a sale of Germanyâs largest meat processor, almost a year after his namesake company was embroiled in a nationwide scandal due to a huge coronavirus outbreak at one of his packing plants.
(Bloomberg) Billionaire Clemens Toennies is exploring a sale of Germanyâs largest meat processor, almost a year after his namesake company was embroiled in a nationwide scandal due to a huge coronavirus outbreak at one of his packing plants.
Toennies Holding ApS & Co.âs family owners are preparing a sale process for the 50-year-old company, according to people familiar with the matter. The business may be valued at as much as 4 billion euros ($4.8 billion) in an auction, they said, asking not to be identified because the discussions are private.