Canada's HBC, US Simon take over Galeria Kaufhof real estate for €2.4b

By Virna Asara 2015-06-15T00:00:00

Hudson's Bay Company (HBC), one of North America’s oldest firms, has reached agreement to buy Germany’s 135-year old Galeria Kaufhof department store chain and its Belgian unit Immo in a deal valued at over €2.8 bn, including debt.

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