Kaufhof: Benko Has Good Odds

Businessn.a. ♦ Published: November 19, 2011; 17:05 ♦ (Vindobona)

The Austrian real estate investor has high chances to acquire the German retail chain Kaufhof. The sale could be closed before Christmas.

Kaufhof: Benko Has Good Odds / Picture: © Kaufhof

The German Metro Group sells its subsidiary Kaufhof. According to market rumors, René Benko offered € 2.4bn. Furthermore, he has already submitted certificates proving that enough funds are given. Several banks have confirmed that Benko´s holding company, Signa Holding, should be able to succeed without leveraging the acquisition.

Two other competitors also showed interest to…