Brief: Scherzer & Co Buys Shares In Arcandor

Arcandor AG

07/02/2020 10:00

Feb 7 (Reuters) - SCHERZER & CO AG  PZSG.DE :
    * ACQUISITION OF SHARES, EXAMINATION OF THE BANKRUPTCY PLAN
PROCEEDINGS OF ARCANDOR AG
    * HAS ACQUIRED A 21.53% STAKE IN THE SHARE CAPITAL OF
ARCANDOR AG,
WHICH IS IN THE PROCESS OF INSOLVENCY
    * A FURTHER 2.99% OF ARCANDOR AG'S VOTING RIGHTS ARE GRANTED
TO
SCHERZER & CO.
    * AIM OF COMPLETING SUCH AN INSOLVENCY PLAN PROCESS WOULD BE
THE
FINANCIAL RESTRUCTURING OF ARCANDOR AG AND THE REVITALIZATION AS
AN ADVERTISING COMPANY
    * RESULT OF THE FEASIBILITY STUDY AND THE DECISION ABOUT ANY
FURTHER STEPS ARE CURRENTLY OPEN

Source text for Eikon:  ID:nEQblxWmDa 
Further company coverage:  PZSG.DE 

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