Gesprekken rond overname Kaiser’s Tengelmann draaien weer op niets uit

Kaiser’s Tengelmann acquisition talks unsuccessful once more

Kaiser’s Tengelmann acquisition talks unsuccessful once more

Talks between the German supermarket chain Kaiser’s Tengelmann and its biggest competitors Edeka and Rewe about Edeka's intention to acquire Tengelmann led to nothing once more, which means Tengelmann's position has become far more problematic.

End in sight?

Tengelmann has been in the same position for several years. It decided to sell all of its stores to Edeka because of financial reasons, but the German Competitive Authority blocked the arrangement, a move the German government overruled. Competitor Rewe decided to take things to court in an attempt to block the deal, which worked.


On Thursday, Tengelmann, ReWe and Edeka sat down to try and find a solution for Tengelmann's problematic conundrum and save as many stores and jobs as possible, but unfortunately for those involved, those talks led to nothing.


ReWe wants Tengelmann's stores to go to a range of German supermarket companies, saving every one of the 15,000 jobs in the process, a demand from the German government for any deal to be approved. However, Tengelmann only wants to continue if the current company, in its current shape, can be maintained and its board is even willing to let the company go bankrupt if there is no solution in sight.

Questions or comments? Please feel free to contact the editors

Gerelateerde items

Colruyt Group beats expectations


A solid holiday season allowed Belgian Colruyt Group to raise its market share and even keep its profit margins at the same level - contrary to expectations. The company also posted another online growth, meaning online is now worth 370 million euro.

Makro Belgium "in intensive care", new business plan should remedy


A more professional product range and a return to bigger packages: that is how Makro Belgium wants to return to better ways. Its CEO Vincent Nolf admits the chain is currently "in intensive care", but hopes to see improvement already next year.

Flotation Home24 latest success for Rocket Internet


German investment group Rocket Internet has brought yet another one of its ventures to the stock exchange. Following Zalando, HelloFresh and Delivery Hero, it was online furniture store Home24's turn to raise investments for growth acceleration this way.

Online supermarket throws in the towel


The Belgian Louis Delhaize Group has decided to terminate its online supermarket The company was started in 2013, but never even came near reaching the break-even point.

Alter’Native Food: A place apart at the upcoming SIAL Paris !


(Advertorial) From 21st to 25th of October, Paris will be the world's food capital. 7,200 French and international exhibitors will be presenting their innovations among 21 exhibitions sectors.

Jumbo starts Belgian daughter company


Dutch supermarket chain Jumbo has made another important step towards its expansion in Belgium: it has founded the company "bvba Jumbo Belgium".