Hamburg – Denmark-based Fleggaard Group has acquired the Calle Grenz-Shop chain from the Andresen Group. Calle Grenz-Shop is a specialist retailer with nine branches and around 400 employees in East Holstein and around Flensburg that focuses on German-Scandinavian cross-border shoppers.
A team from CMS Hasche Sigle led by lead partner Dr Heino Büsching advised Fleggaard on all aspects of the transaction.
This acquisition gives Fleggaard Group market leadership in German-Danish cross-border retailing, with the customers being primarily consumers from Denmark. Fleggaard already operates in the German-Danish border area with seven branches of the DanDiscount chain.
The Fleggaard Group also includes two hotels, four leasing companies, a corporate healthcare firm, a private clinic and three wholesaling businesses.
Advisers CMS Hasche Sigle:
Dr Heino Büsching, M&A (Lead Partner)
Dr Janne Greta Barrelet, Corporate/M&A
Bernd Roock, Employment Law
Oral Adenli, Employment Law
Dr Lorenz Jellinghaus, Public Law
Dr Hans Fabian Kiderlen, Real Estate
Dr Steffen Kircher, Real Estate
Olaf Thießen, Tax
Dr Tim Reher, Competition
Dr Roland Wiring, Competition
