Bloomberg News

Berggruen Made ‘Improved Offer’ for Kaufhof, Spokesman Says

December 15, 2011

Dec. 15 (Bloomberg) -- Berggruen Holdings, the owner of German department-store chain Karstadt, submitted “an improved offer” with Blackstone Group LP for Metro AG’s Kaufhof unit, a spokesman for Berggruen said by phone today.

The spokesman declined to comment further on the offer, which was previously reported by Handelsblatt.

To contact the editor responsible for this story: Julie Cruz at jcruz6@bloomberg.net


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