PropertyEU

Sal. Oppenheim scales down stake in Arcandor

By A staff reporter 2009-10-14T00:00:00

The owners of private investment bank Sal. Oppenheim have cut their stake in the Arcandor group from 24.9% to 9.69%, Arcandor reported. The reduction means the bank has lost its status as biggest shareholder in the beleaguered retail and tourism group, which filed for insolvency earlier this year.

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