date:Sep 14, 2018
Germany: Owners to inject $464mln into Karstadt/Kaufhof merger: report
The owners of a proposed German department store chain formed by the merger of Karstadt and Kaufhof, have agreed to provide the company with a cash injection of 400mln euros ($464mln), a magazine reported. Canadas Hudsons Bay, which bought Kaufhof in 2015, has agreed to a joint venture with Austrias Signa Holding, which owns Karstadt and will hold around 51 percent of the new business, sources had told Reuters last week. Germ