Metro CEO is in no hurry to sell Kaufhof

06/20/2010 | Bloomberg

Eckhard Cordes, CEO at Metro, said he is not in any hurry to sell the company's department store chain Kaufhof. Metro has been negotiating with different potential buyers for years, Cordes said, but he's become less optimistic about striking a deal since the European sovereign debt crisis. "Kaufhof is undergoing a really good development, and we'll see a further improvement in 2010," Cordes said. "That's not increasing our willingness to sell at a low price. It's us who are standing on the brake pedal."

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