Dusseldorf, Frankfurt According to information from financial circles, Galeria Karstadt Kaufhof plans to offer the Belgian subsidiary Inno for sale. According to the circles, the ailing company is hoping for a sales price in the high double-digit million range for the department store chain with 16 locations. It is still unclear when the starting signal for the sales process will be given. The company did not comment on this when asked.
Galeria is currently in insolvency proceedings under self-administration. The creditors of the trading company hope that they will get at least part of their claims back. But most of the creditors would not benefit from a sale of the Belgian subsidiary Inno.
>> Read also: Galeria presents an insolvency plan, but there is still no final clarity for the creditors
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