Permira interested in Praktiker

According to information from Reuters news agency, the UK financial investor Permira is in discussions with Metro, Praktiker's parent group, on the sale of the DIY retail multiple. The report says that an announcement has been made by Metro's board to the effect that an extraordinary meeting has been called for 18 October. According to Reuters, one member of the board has said, "Praktiker will be one of the topics to be discussed at the meeting." It was August when Praktiker boss Wolfgang Werner declared that a great number of investors were interested in buying the DIY chain. The trading group has repeatedly confirmed that it wants Praktiker's future clarified by the end of the year. It has not yet ruled out the possibility of a stock market flotation or of keeping the company within the parent group.