(CercleFinance.com) – According to an article published the day before in the FT, citing several undisclosed sources, Nelson Peltz would have formed, via Trian Fund Management LLP, a stake in the giant of everyday consumer products Unilever, news that Oddo considers it ‘highly credible’.
According to the latter, Unilever is a very good candidate for activism, pointing in particular to a top management weakened by the rejected offer on GSK CH, the strategic dispersion offering opportunities for refocusing and the solidity of the fundamentals limiting risk taking.
Oddo also believes that the arrival of an activist could bring the group out of the status quo and lead it to ‘choose its battle (Food, Home care, personal care) rather than waiting for opportunities for friendly acquisitions present themselves to finally make a choice.
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