Home News Karstadt-administrator is waiting for comments of the local

Karstadt-administrator is waiting for comments of the local

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ESSEN (Dow Jones) – Karstadt administrator Klaus Hubert Görg still waiting for final comments from seven churches on its application for tax exemption. It was still open, as in Munich, Cologne, Bonn, Hannover, Mülheim, Duisburg Dresden and would decide, "said spokesman Thomas Görg Schulz on Thursday. Overall, the liquidator had to rescue the company’s 94 municipalities of Karstadt sites for the immunity of Taxes requested.
The responses of the receivers needed by 25 May The tax exemption is one of the conditions to fulfill the Insolvency.
Preferred bidder for the takeover of Karstadt continues to be the financial investor Triton. He was on his negotiations with most advanced and have concrete plans to The firm, said Schulz. It would also be two more are interested in the data space.
The administrator requires up to 28 May a signed purchase agreement. The district court wants to eat 31 May his make final decision on insolvency. If the Insolvenplan not in force, threat of breaking up the company.

   

Website: www.karstadt.de

- By Kirsten Bienk, Dow Jones Newswires
+49 (0) 40 3574 3116, kirsten.bienk @ dowjones.com

DJG / KiB / kla
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(END) Dow Jones Newswires

May 20, 2010 11:25 ET (15:25 GMT)

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