The rescue of Karstadt is coming nearer, according to Handelsblatt,...

2010-06-28T00:00:00

The rescue of Karstadt is coming nearer, according to Handelsblatt, following a positive meeting in London between its potential new controlling shareholder, Nicolas Berggruen, and officials of Highstreet, the consortium that owns 75 percent of Karstadt’s real estate. According to the latest reports, Berggruen insisted for an extra €230 million ...

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