The bodies responsible should have unanimously approved the merger in recent weeks. Thus, the involvement of talks between the two countries companies have been successfully completed within the planned time frame. With the aim strategically develop the sports retail market in Central Europe, Klaus Jost and Kim Roether have as directors of the Intersport Germany and Gabriele Fenninger, CEO of Intersport Austria in late March included talks on cooperation, as it is called. Now stand the contractual framework for the partnership. The agreement excludes one of the licensed markets in Hungary, Austria, Czech Republic and Slovakia as well as the German licensing for Poland.
The merger collates German and Austrian Intersport group their forces. According to the press release created a transnational sports trade organization that includes a utility room of six countries in central Europe. Future benefit claims to have 150 million customers by the common advice and services of the Intersport Intersport Germany and Austria. The organizational merger of the two composite groups will take place gradually over the coming weeks and months. In two to three years, the boards of both companies expect countries with a successful completion of the fusion process.
For decades Intersport Intersport Austria and Germany are for the cooperative idea in retail. Both are among the founding members of Intersport International Corporation (IIC) and want to use the new partnership consistent advantage of dealers and consumers.
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