PARIS Feb 20 RREEF, Deutsche Bank's
real estate investment unit, said on Wednesday it had started
exclusive talks to sell its stake in French department store
group Le Printemps to its Italian partner, the Borletti Group,
and Qatari investors.
Printemps is 70 percent owned by RREEF and 30 percent by the
Borletti Group, headed by Italian businessman Maurizio Borletti.
RREEF and Borletti bought Printemps from French retail and
luxury giant PPR for 1.1 billion euros ($1.47
billion) in 2006.
($1 = 0.7487 euros)
(Reporting by Dominique Vidalon; Editing by James Regan)