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Metro department store negotiated alliance


Karstadt- neben Kaufhof-Filiale in Trier. Die Allianz der beiden Ketten zu einer "Warenhaus-AG" ist offenbar noch nicht vom Tisch. Quelle: dpa

Karstadt Kaufhof department store in addition to Trier. The alliance of the two chains to a "store-AG" is apparently still on the table. Source: AP

HB FRANKFURT. The variation of a department store Kaufhof and Karstadt AG, is still on the table, although Metro is the bidding process for bankrupt rival currently excluded, CFO Olaf Koch hinted in an interview with the stock market newspaper. When asked whether Metro to collaborate with financial investors to the project with the help yet to realize yet, "said the manager," Regardless of insolvency, there are always talks with interested parties who wish to make such a business like. There are currently no concrete but sales process. "

From circles has recently been reported that Metro Kaufhof would still sell this year. The Group leads in talks with private equity firms that are interested in Karstadt. In the end, could emerge from a giant department store Kaufhof and Karstadt. MetroCEO Eckhard Cordes had a few days in a newspaper interview reiterates that it was reasonable to combine the business.

takes on the ongoing bidding process for Karstadt Metro not participate because the company is only interested in individual homes of the rival, not the entire company, which now Koch reiterated once again. The administrator Karstadt will sell but as a whole and lures with concessions by the employees and creditors. Only if this month nobody grinds to a bid for the whole package could "cherry picking" come into play.