Metro Cancels Kaufhof Sale

People ♦ Published: January 17, 2012; 14:31 ♦ (Vindobona)

The Austrian real estate investor René Benko has to abandon the plan to take over the German retail chain Kaufhof.

Metro Cancels Kaufhof Sale / Picture: © Kaufhof

The German Metro Group stopped negotiations over the sale of its subsidiary, Kaufhof. “The current situation on the capital market does not offer suitable framework conditions for such an important transaction.”, Metro´s new CEO Olaf Koch explained. “From our current point of view, we are able to realize the potential yield on our own.

Besides Benko, Metro also negotiated…