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Karstadt – Supervisory Board meeting postponed until after decision of cartel authority

The Supervisory Board meeting of Karstadt Warenhaus GmbH, which was originally scheduled for 21 August 2014, is postponed and will only take place after the cartel authority’s approval of the acquisition by Signa Retail GmbH.

Dr Stephan Fanderl, Chairman of the Supervisory Board of Karstadt Warenhaus GmbH, says: “We will tackle the restructuring of Karstadt Warenhaus GmbH rapidly and resolutely. But we cannot anticipate the cartel authority’s decision. Therefore, a new meeting can only be scheduled after the approval of the acquisition by the Federal Cartel Authority and the re-election of the shareholder representatives.”