New retail giant: Karstadt and Kaufhof merge with Seitz
Germany’s large department store companies Karstadt and Kaufhof join forces. The Austrian owner of Karstadt, Signa, and the Canadian owner of Kaufhof, Hudson’s Bay Company (HBC), have agreed on the merger. The new retail giant will hold 243 stores throughout Europe with 32,000 employees.
Business Magazine Wirtschaftswoche nominates Seitz among top law firms for M&A in Germany
The current law firm ranking of WirtschaftsWoche lists seitz among the top law firms for legal advice in M&A transactions in Germany.
Seitz advises 360dialog GmbH on acquisition of majority stake by censhare AG
Seitz provided 360dialog GmbH with legal support on the acquisition of a majority stake in the company by censhare AG, one of the technologically leading providers of marketing cloud services.
PSA-Opel: Breakthrough in Opel restructuring with Seitz
Decisive breakthrough in Opel restructuring negotiations: Under Seitz' leadership, Opel has agreed a far-reaching restructuring package with the IG Metall union and Opel’s general works council.
Tough negotiations: Kaufhof relies on Seitz during its crisis
As reported by German news magazine Der Spiegel, a deficit of more than 100 million euros was incurred in the past fiscal year. Without drastic restructuring measures, the business could not have been continued for long.
Seitz advises AXA Group in its investment in the startup Homebell.
In the context of an investment round in Homebell, in which the Startup based in Berlin received a two digit million amount, AXA Group acquired or subscribed to a participation in Homebell and became shareholder of Homebell.
Insurers on the move: R + V prepares for major restructuring with Seitz
Restructuring in the insurance industry show no signs of slowing down: At R + V, one of the largest corporate restructurings in the company’s history is already in the starting blocks.
Seitz advises Advanced Enzymes in the acquisition of all shares in evoxx technologies.
Indian Enzyme manufacturer Advanced Enzymes Technologies Ltd has acquired all shares in evoxx technologies GmbH.
OSRAM sells LEDVANCE with support from Seitz to a Chinese consortium of bidders
After the successful carve-out and separation of the operations from OSRAM, the sale of the traditional lighting company (LEDVANCE) to the Chinese consortium of bidders MLS was also announced today.
Hightech Strategy for OSRAM: Seitz to accompany Conclusion of the Future Concept with the IG Metall and Works Councils
After long negotiations with the IG Metall and the works councils, OSRAM agreed to a key issues paper for the future of the German production sites yesterday.