In April 2018, Tengelmann boss Karl-Erivan Haub is not returning from a ski trip in the Swiss Alps. He is now considered missing. Now he is to be declared dead. It is also about an inheritance in the hundreds of millions.
Two and a half years after the disappearance of the then Tengelmann boss Karl-Erivan Haub on a glacier tour in the Swiss Alps, the company wants to create clear conditions according to a newspaper report. Tengelmann had initiated the so-called public announcement procedure under the Disappearance Act at the Cologne District Court, reported the "Handelsblatt", citing a lawyer from Christian Haub, who had taken over the sole management after the disappearance of his brother. The aim of the proceedings is therefore to have Karl-Erivan Haub, who led the group with his brother until his disappearance, officially declared dead.
Haub had not returned from a ski training session in a glacier area near Zermatt in April 2018 and was not found even after days of search. With the application made by the company for a declaration of death, there is a new dynamic in the inheritance tax dispute between the shareholders of Tengelmann, reported the "Handelsblatt" on. Because if the death declaration becomes final, the inheritance occurs. It should go to a sum of more than 450 million euros, wrote the newspaper.
For the Tengelmann group of companies with a total of around 90,000 employees, including the DIY chain Obi and the textile discounter Kik, it is all about the ability to act, said Christian Haub according to the "Handelsblatt". "For the major investments that lie ahead of us – not only in Obi or for the takeover of the remaining shares in Kik, but in new sustainable business areas – we need constructive cohesion between the shareholders and financial planning security again."
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