Food - The bickering about the rescue of the ailing retail and tourism group Arcandor (Karstadt, Quelle, Thomas Cook) slowly takes on grotesque forms.
After the Metro Kaufhof-parent late on Sunday afternoon, the agreement announced on aiming for the merger of Kaufhof and Karstadt, the group was only 30 minutes later backed down.
"Please ignore the statement sent to about 30 minutes," Metro was announced. "In the conversation, the different scenarios for the salvation of the Karstadt department stores and the possible formation of a department store AG were discussed.
These parties have all pledged a constructive contribution to the formation of a Department Store, Inc. ", it would be. The talks are to continue in the short term.
Arcandor CEO Eick again emphasized the need of government assistance, provided through the merger talks in his view, was met. Chancellor Merkel said, however: It could could not allow the taxpayers to step in should ensure that other mismanagement have operated.
Monday will be discussed in Berlin whether Arcandor met the criteria for state assistance. Became a sought emergency loan (437 million €) and a State Guarantee (€ 650 million). Without the support of the group threatened Monday already indicated that after insolvency.
