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ACAGF Arcandor AG (GM)

0.002
0.00 (0.00%)
02 Jul 2024 - Closed
Delayed by 15 minutes
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

Metro: To Analyze Karstadt's New Ownership Structure

07/06/2010 8:37pm

Dow Jones News


Arcandor (GM) (USOTC:ACAGF)
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German retailer Metro AG (MEO.XE) plans to analyze a proposed new ownership structure for rival German retailer Karstadt, but isn't under any time pressure to launch a merger between Karstadt and its own Kaufhof unit, a Metro spokesman said Monday.

Metro has long talked about acquiring some of Karstadt's stores and merging them with Kaufhof to create a giant German department store conglomerate.

Earlier Monday, Karstadt's insolvency administrator said investment fund Berggruen Holdings had won a bidding process to acquire Karstadt.

-By William Launder; Dow Jones Newswires; +49 69 29 725 515; william.launder@dowjones.com

 
 

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