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

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