Scherzer & Co. AG (XTRA:PZS) acquired 21.5% stake in Arcandor AG (DB:ARO) on February 7, 2020. A further 2.99% of Arcandor AG's voting rights are granted to Scherzer & Co. AG. Scherzer & Co. AG reserves the right to significantly reduce its stake in Arcandor AG again.

Scherzer & Co. AG (XTRA:PZS) completed the acquisition of 21.5% stake in Arcandor AG (DB:ARO) on February 7, 2020.