Munich/Stuttgart – Grocer Tegut wants to take over almost all German branches of the insolvent organic supermarket chain Basic.
The workforce was informed at a meeting in Munich by Tegut managing director Thomas Gutberlet and Basic board member Christoph Eich, Tegut announced on Wednesday.
At the end of December last year, Basic AG began repositioning with a protective shield procedure. The takeover plan presented now envisages that Basic and Tegut will gradually grow together. The takeover is still subject to antitrust review. Both companies agreed not to disclose the purchase price.
According to its own statements, egut wants to retain most of the main industries. Only one in Rosenheim, Bavaria, will be closed, answered the question. The remaining 19 locations in Bavaria, Baden-Württemberg and the Rhine-Main region were to be taken over, as were all around 500 employees and the headquarters in Munich.
An offer should also be made to the affected employees in Rosenheim to transfer to the branch in Tegut, it said. Initially, the question of further development of the two Austrian markets in Vienna and Salzburg remained open.
The trading company Tegut from Fulda operates more than 300 food markets throughout Germany with a traditionally high proportion of organic products and has been part of the Swiss cooperative Migros since 2013.