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clock Created with Sketch. 06/08/23
14:21
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Originally posted by PetrStiff:
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I think the separation of durable consumer goods (i.e. kitchen sinks) from discretionary vegan products made sense for Astivita. Reading some AIR reports, it suggests kitchen sinks were profitable while the vegan stuff wasn't. After some snooping I am comfortable with the AIR purchase by Tamawood but it definitely smells of conflicting interest. i.e. the kitchen sink division of AIR will profit more from the buy out than TWD and TWD is likely to be burdened in the short to midterm if not long term. Not too sure about the synergies. There is some for sure. Seems like almost shareholders except Lev disapproved the buy out (according to the general meeting results).
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It definitely smelt of conflicting interest ( partic that of Lev) but it was not to a point where it was damaging to TWD and I believe there were some synergies albeit very slight. My point at the time was that it was very protective of Lev's interest but not to the disadvantage to any degree of TWD shareholders. Anyway no real affects have occurred and the deal was seen to be legal.
