Hints and tips:
...Fabien Roussel Fabien Roussel, a journalist, became general secretary of the French Communist party in 2018....
...In Australia he had the first of several encounters with big acquisitions when Roussel was bought by Hoechst of Germany....
...Mr Soriot has a long experience of mergers dating back to the takeover of Roussel Uclaf, by Hoechst of Germany....
...Mr Soriot, 53, a Frenchman who trained as a veterinary surgeon before obtaining an MBA, worked for much of his career in Asia for Roussel Uclaf, Hoechst and Aventis, which became part of Sanofi in 2004....
...Boosted by the acquisition of Hoechst’s speciality chemicals business, the company then overpaid wildly for Britain’s BTP and has stumbled ever since....
...The Germans have yet to digest the way the French blocked Siemens’ efforts to expand in France and absorbed Hoechst after it merged with Rhône-Poulenc to create Aventis....
...It then languished with the German conglomerate, Hoechst, which in turn sold it in 1986 to Groupe Jacques Bogart, which created such Balenciaga offerings as Rumba and Talisman. Remember them?...
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