KarstadtQuelle sells stake in Europapier to Bertelsmann
Germany (AFX) – KarstadtQuelle AG sold its stake in paper wholesaler
Europapier AG to Bertelsmann AG unit Arvato at the end of last month, a
spokesman for the German retailer told dpa-AFX news agency.
He declined to comment on financial details.
The next project on the agenda is the sale of the MDAX-listed company’s
logistics operations, he said, adding there are ongoing talks with Deutsche Post
World Net AG’s unit DHL.
The company hopes to sell the division by the end of the first quarter.
Europapier has 836 employees and is targeting full-year 2004 sales totalling
460,000 tonnes.
