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Praktiker AG Files for Insolvency


Thursday, 11 Jul 2013 07:27am EDT 

Praktiker AG announced that its Management Board have made an application to the Hamburg Local Court (Amtsgericht) for insolvency proceedings to be opened on grounds of over indebtedness. It was stated that the continuation forecasts of these operating entities and the supply of goods to stores could no longer be ensured. 

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