Beiersdorf

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Beiersdorf /

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Achtung: On the Austrian NIVEA website, it says NIVEA is part of Beiersdorf Ges mbH, which is 100% daughter of Beiersdorf CEE Holding GmbH (both in Austria). Furthermore, Beiersdorf Ges mbH is named 100% daughter of Beiersdorf AG (in Germany). How can one company be 100% daughter of two other companies?

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