Sunday, November 6, 2016

Negotiations to Kaiser’s Tengelmann will continue – THE WORLD

Mülheim/Ruhr – In search of a solution for the future of the supermarket chain Kaiser’s Tengelmann will continue the negotiations today. The discussions on the implementation of the simple spell had been designed according to information from the German press-Agency so far, is difficult. Originally an agreement until last Friday had been sought. Also, a Failure of the talks is not excluded, it was said in circles.

In the centre of the negotiations, according to dpa-information about the planned Acquisition of Kaiser’s-Tengelmann-stores by Rewe in Berlin. In the process, the parties must agree on a list of locations and on a price. The delivery of the stores is part of the arbitration agreement, which should pave the way for a Takeover of the chain by Edeka. About the specific content of the balance of interests was not disclosed.


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