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Fashion Jobs
By
Reuters
Published
Jun 11, 2015
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Hudson's Bay seen in lead to buy Metro's Kaufhof

By
Reuters
Published
Jun 11, 2015

Canadian retailer Hudson's Bay is seen as in the lead in a bidding battle for Metro's department store chain Kaufhof, with a decision possible next week, according to sources familiar with the matter.

Metro said last month it was in talks about selling Kaufhof and repeated that conditions for a sale were an appropriate price, a convincing concept for the future of the chain, and solid financing.

Sources had previously told Reuters that Hudson's Bay had made a non-binding offer with a value similar to a separate bid made by Austrian investor Rene Benko, who offered 2.9 billion euros ($3.25 billion) for Kaufhof.

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