GERMANY: KarstadtQuelle sells real estate, becomes debt-free
Floundering retail giant KarstadtQuelle has rid itself of debt by selling its real estate for EUR4.5m (US$5.39bn), more than three times its book value.
Floundering retail giant KarstadtQuelle has rid itself of debt by selling its real estate for EUR4.5m (US$5.39bn), more than three times its book value.