date:Aug 11, 2014
rcome sluggish sales at the owner of Galeria Kaufhof department stores and the Media Markt and Saturn electronics chains. The Dusseldorf-based company is exploring other moves to unlock value from its retail holdings, including a possible spinoff of the Media-Saturn chain and an initial public offering of its Russian stores, a plan that is currently on hold.
The transaction is a reminder of some of the significant value hidden in the business, notably in property assets, Andy Gwynn, an analyst