Maurizio Borletti did it. The Italian entrepreneur of the founding family of La Rinascente, allied with the investment fund of Qatar, will acquire the shares of Deutsche Bank in the Printemps group (70%).
The Parisian warehouses Printemps will pass from the hands of Rreef real estate fund of the Deutsche Bank group to the joint ones of the Milanese entrepreneur and of Qia. The news of the rumors about the purchase by the Fund of the British department stores Marks & Spencer is ten days ago.
The investment fund headed by the Emir Hamad bin Khalifa Al-Thani should pay between 1,8 and 2 billion euros to obtain control of the group, which owns numerous warehouses in various French cities and a luxurious headquarters in Paris, with a turnover of 2011 billion euros in 5,6.
Therefore, the union's opposition would seem to have served no purpose communist CGT who pressed for Deutsche Bank to agree to talks with the Lafayette Galleries. Union officials fear for employment. "The group does not own the walls in the provincial warehouses" they said, recalling that investors in the Gulf are mainly attracted by real estate investments.
