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Private equity firms reportedly eyeing German stores

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Private equity firms reportedly eyeing German stores

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Private equity firms are reportedly among those interested in acquiring Metro’s department store chain Kaufhof and Arcandor’s Karstadt chain in Germany, aiming to merge them into one.

German Sunday paper Bild am Sonntag reported without citing sources that U.S. investors were among those interested in buying the two rival store chains. Previous attempts at merging the two have failed.