Sunday, October 23, 2016

Also Striking back in Tengelmann-dispute lawsuit against the Minister permit – FAZ – Frankfurter Allgemeine Zeitung

Kaiser’s Tengelmann: The Discount chain consists of 400 stores.

Tengelmann, the owner of Karl-Erivan Haub has made in the fight for the future of Kaiser’s Tengelmann further progress. After the Discount chain Norma, the competitor Significantly to the withdrawal of the lawsuit against the Ministerial approval have stated that it is for a sale of the supermarket chain Edeka ready, said Haub on Sunday evening. “So two of the three Complainants in the last four days have made the way to the rescue of the 16,000 jobs at Kaiser’s Tengelmann,” said the businessman.

Completed the Acquisition cannot be but to continue as long as the Edeka-rival Rewe as the third-party plaintiff, his complaint against the Minister’s permission.

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The hurdles for an agreement with Rewe seem to be still very high. While Haub preferred clearly, it’s a total takeover of all stores by Edeka and this way only a week ago, as the only Chance for the preservation of all the jobs referred to, granted, Rewe chief Alain Caparros a few days ago, such a solution is a clear rejection. In an Interview, he announced the lawsuit, only to withdraw when his company, “get a large part of the branch network of” Kaiser’s Tengelmann”. With money payments, this Problem cannot be resolved.

bring A completion of the Ministerial approval, would all the employees of Kaiser’s Tengelmann, a five-year job guarantee. Kaiser’s Tengelmann operates in the Metropolitan area of Berlin, in Munich and upper Bavaria and in North Rhine-Westphalia, with its 400 stores. The chain has been writing for years in the red. Haub had therefore you want to Edeka sell, but were stopped reasons, these plans by the Federal cartel office on competition.

Whilst it’s Tengelmann and Edeka, after months of struggle to overturn the Veto by the competition authorities through a Ministerial permit. However, the exemption was set in July by the higher regional court of Dusseldorf, according to complaints on the part of Rewe, Norma and Striking provisionally. About the Details of your agreement, Tengelmann and Striking have agreed not to disclose.


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