Thursday 2 July 2015

German retailer Metro in talks to buy rival

German retail giant Metro AG which owns the Kaufhof chain of department stores, on Saturday said it had held exploratory talks about purchasing rival Karstadt, adding it was not aggressively pursuing a deal. "We held loose ta


Chinese, Russian group eyeing Porsche stake

Three more bidders including a Chinese and a Russian sovereign wealth, are interested in taking a stake in German sports car maker Porsche, rivalling investment plans by Qatar, German magazine Focus reported on Saturday. In an advance rele

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