Bloomberg News

Praktiker Investors Worried About Anchorage’s Plan, Spiegel Says

May 25, 2012

Praktiker AG (PRA) investors including Semper Constantia Privatbank AG have called for a general meeting on concern that a loan from Anchorage Capital Group may be counter to their interests, Der Spiegel said, without citing anyone.

Under the terms of Anchorage’s 85 million-euro ($107 million) loan, the U.S. investor would get the German retailer’s profitable Max Bahr unit if Praktiker’s restructuring fails, the magazine reported in the preview of an article to be published tomorrow.

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

To contact the editor responsible for this story: Celeste Perri in Amsterdam at cperri@bloomberg.net


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