Praktiker AG (PRA), Germany’s third-largest home-improvement retailer, faces pressure from its largest shareholders, who want the company to increase revenue at its Max Bahr home-improvement chain, Handelsblatt reported, citing Isabella de Krassny, a fund manager at Semper Constantia Privat Bank AG.
De Krassny wants Praktiker to increase revenue at Max Bahr in the coming three years to more than 55 percent from currently about 33 percent, Handelsblatt said. Semper Constantia and its investment vehicle Maseltov Ltd. are Praktiker’s biggest shareholders.
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