German retailer Metro AG (MEOG.DE) will not compromise on price for a sale of its department store chain Kaufhof and other factors such as solid financing will also be important in the decision, Finance Chief Mark Frese was quoted as saying.
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German retail giant Metro AG which owns the Kaufhof chain of department stores, on Saturday said it had held exploratory talks about purchasing rival Karstadt, adding it was not aggressively pursuing a deal.
Kaufhof CEO Olaf Koch, in an interview, said the company is doing well and not considering mergers.
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