The Otto Group has decided to sell its Sportscheck GmbH group company, headquartered in Unterhaching near Munich, to Galeria Karstadt Kaufhof. Following successful completion of the deal, Sportscheck GmbH is to be integrated into the omnichannel retail portfolio of Galeria Karstadt Kaufhof. Both parties have already signed a corresponding contractual agreement. The sale remains subject to approval by the German Federal Cartel Office.
Hengeler Mueller advises Otto Group on the transaction. The team includes partners Emanuel P. Strehle (Corporate/M&A, Munich), Alf-Henrik Bischke (Antitrust, Düsseldorf), Christian Hoefs (Employment, Frankfurt), Matthias Scheifele (Tax, Munich) and Daniel Kress (Restructuring, Berlin), counsel Gunther Wagner (Tax, Munich) as well as associates Jakub Lorys, Hendrik Ley, Florian Dendl, Christian Lutz (all Corporate/M&A, Munich), Henning Hilke (Financing, Frankfurt), Christian Dankerl and Janine Linden (both Antitrust, Düsseldorf).