The deal stipulates that the premium Benko houses KaDeWe in Berlin, Oberpollinger in Munich and the Alster Lake in Hamburg, as well as increases to 75.1% on all 28 sports branches. The remaining shares with Nicolas Berggruen. About details of the trade were not disclosed, but the two new partners have pledged to want to invest EUR 300 million in this business - with Signa Holding's main sponsor. All the remaining 86 stores will remain at the Essen dealer Berggruen.
The Manager Magazin reported that the current Supervisory Board Chairman Mr. Bluestein is to leave his post in favor of the former Rewe Executive Stephan Fanderl. Even the post of Executive Chairman, Andrew Jennings wants to put up at the end is to be filled.
Signa Holding was grown in recent years into a major owner of Karstadt, as Benko gradually the property of 21 Karstadt department stores, including the premium temples incorporated.
The 36-year-old Benko was previously occurred less than retailers, but primarily as an investor in real estate in Austria and Germany. His portfolio will be approximately EUR 5.5 billion heavy. Among his possessions are various lucrative properties in Vienna and Innsbruck in the Tyrol department store.
By mh, sport-fachhandel.com
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