Last Praktiker overseas company now sold

Process of selling off German Praktiker locations has lost momentum

Christopher Seagon, insolvency administrator of Praktiker, is to sell Hungarian Praktiker Kft. (Budapest), to Schweizer Papag AG. According to Seagon, Papag AG’s offer was accepted in a structured bidding process. Both parties signed an agreement to this purpose at the beginning of January 2015. The process of ...

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