Saturday, October 29, 2016

Kaisers Tengelmann, Edeka and Rewe agree about Berlin and Bavaria – TIME ONLINE

In the dispute over the future of the supermarket chain Kaiser’s Tengelmann have come to the parties seem closer. The retail chains Edeka and Rewe have agreed on a division of Tengelmann stores in Berlin and Bavaria, reports the Bild am Sonntag, citing negotiating circles. Edeka CEO Markus Mosa and Rewe CEO Alain Caparros had agreed that almost all of the branches in Bavaria at Edeka. In turn, Rewe get the majority of the Tengelmann stores in the capital.

The two trade stores in Berlin and Bavaria would get chains, but only if they could agree on a division of the NRW-shops, the newspaper writes.

Neither Edeka still, Rewe, according to the report, so far, interest in the ailing of the NRW business, because you would have to take over the local employees for at least five years. The 100 branches of Kaiser’s Tengelmann in NRW are considered to be the biggest loss-maker. In the dispute at present, former German Chancellor, Gerhard Schröder, is committed to a mediation, which is scheduled to go on Monday.

Tengelmann boss Karl-Erivan Haub Emperor wants to divest’s Tengelmann actually, as a Whole, to the industry leader Edeka. More than two years ago, he had sealed the sale, a competitor Rewe had the Look. The Federal cartel office vetoed the plans, but Economics Minister, Sigmar Gabriel, overruled the competition authorities with a special permit.

The higher regional court of Düsseldorf put, in turn, the Ministerial approval after complaints from Norma, Distinctive and Rewe on ice. Norma and Striking have withdrawn their complaints in the meantime. Gabriel’s special permission, but can only enter into force if Rewe wheel is turned. Otherwise, want to sell away the branches individually.


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