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Kaufhof: Benko Is Preferred

Published: December 5, 2011; 15:53 · (Vindobona)

According to the seller, the German Metro Group, the Austrian real estate investor has good odds. Benko will submit a binding offer soon.

Kaufhof: Benko Is Preferred / Picture: © Kaufhof

Today, a spokesperson of Metro announced that Benko has the best chances among the three potential buyers. Benko already declared that he will submit an offer before Christmas in order to secure the takeover. His rivals, the owner of Karstadt Nicolas Berggruen and the former CEO of KarstadtQuelle Wolfgang Urban, only showed their interest until now.

Berggruen complained that he has no access to the books. Without a due diligence, a binding offer would not be possible. A spokesperson of Metro explained that the due diligence may only take place when all questions regarding the strategic plans and the possible offer are clarified. Before the books will be opened, the seriousness has to be checked, Metro said.

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