Friday, June 1, 2012

Reuters: Bankruptcy News: Schlecker administrator says deal for Ihr Platz unit

Reuters: Bankruptcy News
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Schlecker administrator says deal for Ihr Platz unit
Jun 1st 2012, 12:41

FRANKFURT, June 1 | Fri Jun 1, 2012 8:41am EDT

FRANKFURT, June 1 (Reuters) - The administrator of insolvent German drugstore chain Schlecker said a preliminary purchase deal had been signed with an investor for the group's Ihr Platz unit.

Earlier on Friday, the administrator said loss-making Schlecker would be wound down after failing to find a buyer for the chain.

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