Benko Puts Pressure on Kaufhof

People ♦ Published: November 28, 2011; 16:20 ♦ (Vindobona)

The Austrian real estate investor René Benko presents his growth program and wants to outbid his rival, the U.S. investor Berggruen.

Benko Puts Pressure on Kaufhof / Picture: © Wikimedia Commons / Atrm [Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0)]

The fight for the German retail chain Kaufhof becomes harder. The seller is the German Metro Group, which has three potential buyers for its subsidiary.

René Benko put pressure on his rival Berggruen. If the purchase is successful, Benko wants to invest “massively in the branches.” Moreover, the investor also plans to expand within Germany. Even new branches abroad is…

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