Bloomberg News

Signa Spokesman Says Talks Taking Place When Asked About Kaufhof

November 02, 2011

Nov. 2 (Bloomberg) -- Signa Holding GmbH, an Austrian real- estate company, said talks are taking place and there’s no further comment when contacted about a Handelsblatt report that it may buy Metro AG’s Kaufhof department-store chain.

“Signa declines to comment because there are talks taking place,” Vienna-based spokesman Dietmar Hofreiter said by telephone today, declining to comment on the nature of the discussions.

Kaufhof could be sold to Signa, which is backed by Greek billionaire George Economou, in a a few weeks, Handelsblatt reported, citing unidentified people familiar with the matter. Metro won’t comment on the report, said a spokesman who declined by be identified, citing company policy.

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net


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