Haniel, an investment holding company owned by one of Germany’s wealthiest families, is looking to change the balance of its portfolio by striking out into new directions.
“We have to get involved in businesses outside the retail sector,” said Stephan Gemkow, chief executive of Haniel.
Retail makes up the majority of Haniel’s holdings which are dominated by a 30 percent share of Metro, Europe’s largest retailer, making the Haniel family the single largest shareholder in the retail giant. Its other holdings are textile services provider CWS-boco and the raw materials trader ELG, as well as 50 percent of Takkt, a business equipment firm.
“Haniel will not look the same in five years’ time as it did five years ago,” Mr. Gemkow said.
Mr. Gemkow has some money to spend.