(Reuters) - Last week, the tourism, department store and mail-order
group had said it could merge its department store division
with a rival as a prelude to a separate stock market listing
for the unit within 18 months.
In March 2006, KarstadtQuelle sold its property portfolio
for 4.5 billion euros, more than three times its book value, to
a joint venture owned 49 percent by itself and 51 percent by
Whitehall, a Goldman Sachs property fund.
Read more at Reuters.com Mergers News
group had said it could merge its department store division
with a rival as a prelude to a separate stock market listing
for the unit within 18 months.
In March 2006, KarstadtQuelle sold its property portfolio
for 4.5 billion euros, more than three times its book value, to
a joint venture owned 49 percent by itself and 51 percent by
Whitehall, a Goldman Sachs property fund.
Read more at Reuters.com Mergers News
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