German store stake

Sunday 16 January 1994 00:02 GMT

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Kaufhof, the German department store and mail-order giant, plans to take a controlling stake in the rival Horten group, according to a report in Der Spiegel magazine. The report said Westdeutsche Landesbank will sell a 26 per cent stake in Horten to Kaufhof, whose parent Metro Group already holds a 12 per cent stake in Horten.

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German store stake

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