Tengelmann inheritance dispute comes to a head | 10/13/20

Tengelmann inheritance dispute comes to a head | 10/13/20
Tengelmann inheritance dispute comes to a head | 10/13/20

COLOGNE (dpa-AFX) – The inheritance dispute at Tengelmann is coming to a head. The wife of the former company boss Karl-Erivan Haub, who disappeared two and a half years ago, sharply criticized the plans of the disappeared’s brothers’ plans to have their husband declared dead on Tuesday. “It is very strange that someone else presumes that they want to make such decisions for our family,” said Katrin Haub of the German Press Agency via a spokesman. The “Westdeutsche Allgemeine Zeitung” had previously reported on it.

The background: Christian Haub, who has been running the family business since his brother’s disappearance, and his brother Georg recently applied to the Cologne District Court to have the missing person declared dead. A company spokesman said the goal is to maintain clear and stable relationships among shareholders and security for the group and its 90,000 employees.

Karl-Erivan Haub, one of the richest Germans, set out on a ski tour alone on April 7, 2018 and never returned. The family assumes that he had a fatal accident on the Klein Matterhorn near Zermatt in Switzerland.

Since then, a family quarrel about the redistribution of power in the multi-billion dollar trading group has been simmering. With the step of the deceased’s brothers, the pressure on Katrin Haub and her children to sell the shares of their family line increases. After all, the children have to be prepared for inheritance tax payments in the hundreds of millions.

Ms. Haub, however, denied that her reluctance to have her husband pronounced death was primarily due to the tax issue. “No one will apply lightly to have their own missing husband declared dead. It is not without reason that the law allows ten years to submit an application for a declaration of death,” she said. “Tax reasons, as Christian Haub’s lawyer Marc Binz publicly asserts, are certainly not in the foreground.”

The Haub family is one of the richest entrepreneurial families in Germany. Her fortune includes investments in the billions in the Bauhaus chain Obi and the textile discounter KiK. The company is also involved with numerous Internet companies such as Zalando or Delivery Hero./rea/DP/nas


Source link by https://www.finanzen.at/nachrichten/aktien/erbstreit-bei-tengelmann-spitzt-sich-zu-1029675086

*The article has been translated based on the content of Source link by https://www.finanzen.at/nachrichten/aktien/erbstreit-bei-tengelmann-spitzt-sich-zu-1029675086
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

These were the details of the news Tengelmann inheritance dispute comes to a head | 10/13/20 for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at en24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Funding sustainability in the Gulf: Sami Khoreibi, CEO, Incubayt Investments
NEXT TRSDC, AMAALA turn the tide on sustainability