PARIS — A Qatari takeover of French department store chain Printemps is moving closer.
The Borletti Group plans to sell its 30 percent stake in the retailer to Luxembourg-based investment fund Disa, which in turn is comprised of a group of Qatari investors, according to sources. Disa is currently in talks with Deutsche Bank’s RREEF for the acquisition of its 70 percent stake in the coveted store.
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