By
Reuters
Published
Jun 11, 2015
Download
Download the article
Print
Text size

Hudson's Bay seen in lead to buy Metro's Kaufhof

By
Reuters
Published
Jun 11, 2015

Canadian retailer Hudson's Bay is seen as in the lead in a bidding battle for Metro's department store chain Kaufhof, with a decision possible next week, according to sources familiar with the matter.

Metro said last month it was in talks about selling Kaufhof and repeated that conditions for a sale were an appropriate price, a convincing concept for the future of the chain, and solid financing.

Sources had previously told Reuters that Hudson's Bay had made a non-binding offer with a value similar to a separate bid made by Austrian investor Rene Benko, who offered 2.9 billion euros ($3.25 billion) for Kaufhof.

© Thomson Reuters 2024 All rights reserved.

Tags :
Retail