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Europe Daily Bulletin No. 7924

16 March 2001
Contents Publication in full By article 35 / 40
ECONOMIC INTERPENETRATION / (eu) distribution

The German METRO, world number three in distribution, wants to sell, this year, up to 49% of its chain of KAUFHOF stores, in which it holds 100% of the capital, indicating that until now it has not had any concrete candidates. This branch employs around 22,400 employees for a turnover of DM 8 billion in 2000 and includes 132 stores in Germany. The GALERIES LAFAYETTE (France) and VENDEX (Netherlands) are mentioned as possibly interested.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION