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Berggruen Considers Selling Parts of Karstadt, Spiegel Says

Aug. 5 (Bloomberg) -- Nicolas Berggruen is considering selling parts of the Karstadt department-store chain, Spiegel magazine reported, without saying where it got the information.

One of Berggruen’s spokesmen rejected any intention to sell, Spiegel said in an advance copy of an article in its print edition, without naming the person.

Jared Bluestein, head of Karstadt’s supervisory board, is in negotiations with Qatar Holding LLC and George Weston Ltd. about a possible sale of Karstadt’s so-called premium stores, Spiegel said.

Ute Kiehn, Berggruen’s assistant in Germany, wasn’t available when Bloomberg called after normal office hours. Karstadt’s press office wasn’t available for comment on the weekend, according to the company’s switchboard operator. A spokesman for Qatar Holding LLC didn’t immediately respond to a phone call or e-mail for comment.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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