Kaufhof: Benko Has Good Odds
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…
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