Metro: To Analyze Karstadt's New Ownership Structure
08 June 2010 - 5:37AM
Dow Jones News
German retailer Metro AG (MEO.XE) plans to analyze a proposed
new ownership structure for rival German retailer Karstadt, but
isn't under any time pressure to launch a merger between Karstadt
and its own Kaufhof unit, a Metro spokesman said Monday.
Metro has long talked about acquiring some of Karstadt's stores
and merging them with Kaufhof to create a giant German department
store conglomerate.
Earlier Monday, Karstadt's insolvency administrator said
investment fund Berggruen Holdings had won a bidding process to
acquire Karstadt.
-By William Launder; Dow Jones Newswires; +49 69 29 725 515;
william.launder@dowjones.com
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