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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Arcandor AG (GM) | USOTC:ACAGF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.002 | 0.002 | 0.002 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
German retailer Metro AG (MEO.XE) has launched a due diligence process for possible bidders interested in its Kaufhof department store chain, a Metro spokesman said Friday.
Further talks between management and potential bidders are expected to follow shortly, Metro said.
Potential bidders have been asked to signal interest by June 7, a person familiar with the matter said. However, the timing will depend on negotiations to sell Kaufhof rival Karstadt, which is undergoing a forced sale mandated by its insolvency administrator.
Metro has repeatedly stated that it faces no time pressure to sell Kaufhof.
-By William Launder; Dow Jones Newswires; +49 69 29 725 515; william.launder@dowjones.com
1 Year Arcandor (GM) Chart |
1 Month Arcandor (GM) Chart |
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