Maseltov May Join in Praktiker Capital Increase , Boersen Says
Maseltov Ltd., Praktiker AG (PRA)’s largest shareholder, is willing to participate in a capital increase or other measures intended to provide the German home- improvement retailer with adequate cash and liquidity, Boersen- Zeitung said in a preview of a story that will run tomorrow.
Maseltov Ltd., which owns more than 10 percent of Praktiker, plans to acquire more voting rights in the company in the coming 12 months, the newspaper added, without saying where it obtained the information.
To contact the reporter on this story: Niklas Magnusson in Hamburg at firstname.lastname@example.org
To contact the editor responsible for this story: Angela Cullen at email@example.com