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Zielpunkt Gets New Owner

Published: February 7, 2012; 16:52 · (Vindobona)

MBO at the Austrian supermarket chain: CEO Jan Satek takes over the company and wants to focus on local supply.

Zielpunkt Gets New Owner / Picture: © Zielpunkt

For CEO Jan Satek, a German national, the takeover is a “logical step”. The Austrian supermarket discounter is sold by the Luxemburg-based financial investor bluO-Group. The Group acquired Zielpunkt in 2010 from the German Tengelmann Group. The supermarket chain is loss-making since several years.

According to Satek, Zielpunkt has no bank debts anymore. The new major owner…

This article includes a total of 202 words.

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