Arcandor's Neckermann sale delayed by missing documents at EU level |
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Tue, 08 Jan 2008 08:56
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FRANKFURT (Thomson Financial) - Arcandor AG's sale of its Neckermann mail-order unit to Sun Capital, for which chief executive Thomas Middelhoff said he expected regulatory approval by Jan 3, is being delayed, Financial Times Deutschland reported, citing a spokesman for the EU Commission.Some documents necessary to obtain approval have not been received by the Commission in Brussels, the spokesman told the newspaper.Arcandor last year agreed to sell parts of Neckermann to Florida-based Sun Capital for an undisclosed sum.maria.sheahan@thomson.commas/ms1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Arcandor to sell parts of neckermann.de to Sun Capital by end-November UPDATE 