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Dr. Oetker is smashed

2021-07-22T15:00:19.386Z


A longstanding family feud ends with Dr Oetker being broken up. The conglomerate is to be divided among the family members.


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Photo: Bernd Thissen / dpa

After decades of dispute, Dr. Oetker. The company announced. The shareholders Alfred, Carl Ferdinand and Julia Johanna Oetker take over the daughters Henkell & Co. Sektkellerei, Martin Braun Backmittel KG, the Budenheim chemical factory, some hotels from the hotel division and the August Oetker art collection. The higher-turnover part with food (pizzas, baking mixes, frozen cakes and pudding), the Radeberger Group and some hotels remain in the hands of the shareholders of Richard and Philip Oetker, Rudolf Louis Schweizer, Markus von Luttitz and Ludwig Graf Douglas.

»With this decision, the shareholder groups overcome their different ideas about the management and strategy of the Oetker Group.

A corresponding separation agreement has been signed by all owners «, it says in a message from the Oetker Group.

More soon on SPIEGEL.de

hej / dpa-AFX

Source: spiegel

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