Friday , June 18 2021

Work: Report: Bundeskartellamt approves the merger of Karstadt and Kaufhof



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Residents in Dusseldorf: Karstadt and Kaufhof Residents in Dusseldorf: Karstadt and Kaufhof

Residents in Dusseldorf: Karstadt and Kaufhof

Source: dpa / dpa / picture-alliance

Apparently there are no conditions for the fusion of large stores

DAccording to media information, the Bundeskartellamt has no objections to the planned merger of Karstadt and Kaufhof. As the "Frankfurter Allgemeine Zeitung" reported last night, citing commercial circles, the authority wants to grant its launch on Friday for the merger of the two major stores. There should not be edits. Contrary to expectations, according to the "FAZ", the Poster Office does not want to add a second phase of in-depth examination.

As the "FAZ" informed, the connoisseurs expect a merger of companies later this month and, therefore, in time for the Christmas business.

The owners of Karstadt and Kaufhof, the Australian Signa Holding and the Canadian commercial group HBC, announced on September 11 that they would merge the two chains of department stores. The Karstadt Signa dam has a 50.01 percent share in the new mixed company, HBC 49.99 percent.

On October 9, Signa and HBC announced the planned merger with the Federal Poster Office. The agency had a month to examine it but could extend it for up to three months.

The head of Signa, René Benko, told the "Handelsblatt" that the merger was "the rescue of the company" Kaufhof. The chain was "in such an alarming situation as 2014 Karstadt". Then Benko will take Karstadt.

The Verdi union was opposed to the merger of the chains of department stores and appealed to the owners not to cut jobs. There are fears that during the merger in Kaufhof 5000 of about 20,000 jobs could disappear.


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