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Schlecker Is Valued at Less Than 100 Million Euros, Focus Says

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April 7 (Bloomberg) -- Insolvent German retailer Schlecker may get bids of less than 100 million euros ($131 million) from potential investors, Focus said, citing unidentified creditors and people in the finance industry.

Thomas Roeb, professor for retailing at the Bonn-Rhine-Sieg University and a former adviser to Schlecker, estimates that the price may be in the “two-digit million” range, the magazine said.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net