German retailer Tengelmann's CEO Karl-Erivan W Haub announced the group plans to sell its 38% stake in bankrupt US chain A&P once it comes out of insolvency. The US food retailer entered bankruptcy last December.
Tengelmann does not expect to have a significant stake in it at the end of the process, Haub said alongside the presentation of its FY 2010 results.
Source: Planet Retail
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