Kaufhof: Benko Offering € 2bn?

Western EuropeGermany ♦ Published: December 8, 2011; 15:28 ♦ (Vindobona)

The Austrian investor decisively rejected reports that suggested this acquisition price. Metro’s CEO wants to obtain € 2-3bn.

Kaufhof: Benko Offering € 2bn? / Picture: © Kaufhof

According to German media reports, René Benko’s Signa Holding is bidding € 2.05bn for a takeover of the retail trade chain Kaufhof from the Metro Group. The business newspaper “Handelsblatt” reported that the offer refers to both the company’s operative business and its real estate assets. Benko’s offer would thus be at the lower end of the price range that Metro’s CEO…