Kaufhof-Deal Not Closed Before 2012

Professional ServicesReal Estate ♦ Published: December 17, 2011; 19:29 ♦ (Vindobona)

The two main competitors for the German retail chain are the Austrian real estate investor René Benko and the U.S. investor Nicolas Berggruen.

Kaufhof-Deal Not Closed Before 2012 / Picture: © Kaufhof

The sale process of Kaufhof will last until 2012. The German Metro Group sells the retail chain, which employs about 20,000 staff members and disposes of about 100 branches in German cities. This Friday, the supervisory board of Metro Group analyzed the bid made by the two rivals Benko and Berggruen. The management board presented the two offers. However, a decision has not been made…