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According to insiders, the foundations of a merger between Kaufhof and Karstadt are determined
. René Benko is apparently close to the acquisition of the German department store chain Kaufhof. As several media have pointed out, the foundations of the Kaufhofs' merger with Karstadt, its longtime rival, which belongs to the Signa de Benko group, have already been corrected. Karstadt, Karstadt Sport and Kaufhof would be merged into a joint venture, said several people aware of the negotiations
The owner of Signa and Kaufhof, the Hudson's Bay Company (HBC), reportedly signed a letter Intent of nearly 200 pages last week. , which says "an agreement to a merger between peers in the sector of European department stores", so that Wirtschaftswoche . HBC has already confirmed the negotiations: "The company is in talks with Signa Holding GmbH and has signed a non-binding agreement protocol to consider options for a joint venture."
Less than 15 stores to lock
It is not yet possible to estimate exactly when the takeover will be in vain. However, the negotiations had already progressed to the point that experts could look at the confidential economic data from the other side.
There should be no clear cuts in the branches of the two chains, whose department stores are often close to each other. Insiders estimate that between five and fifteen of the approximately 180 locations must be locked. The 37,000 jobs of the future "European Warenhaus AG" should also be largely preserved, writes the Süddeutsche Zeitung . (As)
www.galeria-kaufhof.de
www.karstadt.de
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