The ANWR Group aims to take over 100 percent of the shares of Garant Schuh + Mode through a squeeze-out process. The German-based retail cooperative, based at Mainhausen near Frankfurt, currently holds 90.42 percent of the shares of its German subsidiary Garant Schuh + Mode, which is based in Düsseldorf. ANWR says that minority shareholders will be remunerated fairly for their preference and equity shares. ANWR acquired 70 percent of its subsidiary in 2010 and additional shares in the following years. Before taking over Garant, ANWR's main focus had been to gain market share in the domestic shoe and sporting goods market with the help of ANWR Schuh and Sport 2000. As a buying group for independent retailers throughout Europe, Garant complements the ANWR Group with its stronger international orientation.

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