Benko Confirms Binding Offer

CompaniesRetail & Consumer ♦ Published: December 6, 2011; 18:13 ♦ (Vindobona)

Both Metro Group and René Benko´s Signa Holding confirmed that a binding offer for Metro´s subsidiary Kaufhof has been put.

Benko Confirms Binding Offer / Picture: © Wikimedia Commons / Atrm [Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0)]

The German Metro Group enforces the sale of its subsidiary Metro. Yesterday the group announced that the Austrian real estate investor is regarded as favorite. Now, Metro Group received a binding offer for the retail chain, the group´s management today confirmed. Benko´s Signa Holding also stated that the offer has been submitted. However, a comment regarding the further proceedings…

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