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German Econ Min delays decision on Edeka plan to buy Kaiser's
January 26, 2016 / 8:42 AM / in 2 years

German Econ Min delays decision on Edeka plan to buy Kaiser's

BERLIN (Reuters) - German Economy Minister Sigmar Gabriel has delayed a decision on plans by the country’s biggest supermarket group Edeka to buy grocery chain Kaiser‘s, owned by retail group Tengelmann, a ministry spokeswoman said on Tuesday.

A combination of two pictures show the logo of grocery chain Kaiser's (L) and Edeka in Berlin, Germany, January 12, 2016. REUTERS/Fabrizio Bensch

The spokeswoman said the two sides had requested more time to respond to Gabriel’s demand that jobs would be guaranteed for five years. A 14-day deadline to respond to his demands expired on Tuesday.

Reporting by Gernot Heller; Writing by Joseph Nasr; Editing by Caroline Copley

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