Blokker Holding and TEDi complete sale of Xenos’ German activities
Amsterdam, Dortmund, January 29, 2018. Blokker Holding B.V. and TEDi GmbH & Co. KG (TEDi) have completed the sale of Xenos’ German activities to TEDi. TEDi has acquired the shares of Xenos’ German companies operating the Xenos stores located in Germany. These stores will be converted to TEDi branded stores in the next months. The relevant competition authority has granted the required authorisation and the recommendation process by the Central Works Council has been completed.
This transaction is in line with the strategic reorientation previously announced by Blokker Holding. The takeover of Xenos stores reinforces TEDi’s position as leading non-food retailer in Germany and increases its branch network to 1,800 stores.