Bloomberg News

Praktiker CEO Won’t Sell East Europe Assets, Handelsblatt Says

April 09, 2012

Praktiker AG (PRA) Chief Executive Officer Thomas Fox opposes calls by the company’s two largest investors to sell its Eastern Europe business, Handelsblatt reported, citing an interview.

It would be difficult to find someone who wants to buy assets in markets like Greece, Romania, Hungary and Poland given the current macroeconomic situation, the newspaper cited Fox as saying.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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