Bloomberg News

Hess Natur Sale Won’t Be Affected by Worker Opposition, FAZ Says

June 05, 2012

The sale of fashion retailer Hess Natur to Capvis Equity Partners AG won’t be affected by workers’ opposition, Frankfurter Allgemeine Zeitung reported, citing Matthias Siekmann, head of the Primondo Specialty Group, which is selling Hess Natur.

Capvis offered a higher price than HN Geno, a financial investor that was backed up by Hess Natur’s works council, FAZ said, citing people familiar with the transaction. There’s no reason to re-open negotiations with HN Geno, Siekmann was cited as saying.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net


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