Trade: Metro sells Kaufhof to Canada – Karstadt owner gets nothing – ZEIT ONLINE

= “articlemeta-left”> Updated 15th June 2015 13:54 clock

Dusseldorf (dpa) – The bidding race for the department store chain Kaufhof has been decided: The retail giant Metro sells his daughter for around EUR 2.8 billion to the Canadian Group Hudson’s Bay.

This was announced by the Metro AG. The agreement therefore includes primarily under Galeria Kaufhof as well as in Belgium operating in Germany at Galeria Inno department store business and the related real estate. Thus Canadians stand Karstadt owner of Signa, who had also bid for Kaufhof.

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