Bloomberg News

Praktiker’s Biggest Holder Wants Part of Company Sold, FTD Says

March 27, 2012

Praktiker AG (PRA)’s largest shareholder, Maseltov Ltd., wants the company to sell its business in eastern Europe as part of a reorganization, the Financial Times Deutschland reported, citing Isabella de Krassny, a fund manager and spokeswoman for Maseltov.

A sale could bring Praktiker, a home-improvement retailer, 50 million euros to 70 million euros ($67 million to $93 million), the FTD said. Maseltov owns 10 percent of the company.

To contact the reporter on this story: Julie Cruz in Frankfurt via jcruz6@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net


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