Kirkel – 2012/02/01. On Tuesday, the management of Praktiker AG and the Group Workers’ Council reached an agreement on the reconciliation of interests concerning the move of the corporate headquarters from Kirkel to Hamburg. At the same time a social compensation plan was developed. It covers all personnel measures associated with the restructuring program as decided by the management board.

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KIRKEL – 2012/01/28. Today, Praktiker AG reached an agreement in form of a term sheet with a bank consortium led by Commerzbank. Existing bilateral lines of credit will be transferred into a joint credit arrangement. The scope of funds made available to Praktiker, a sum in the mid double-digit million euro range, will remain unchanged.

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KIRKEL – 5 January 2012. Praktiker Germany succeeded in stabilising sales in the fourth quarter of the financial year just ended and in keeping them at the prior-year level. International business, by contrast, continued to remain weak. Overall and according to as yet preliminary figures, the Praktiker Group generated net sales of 716.4 million euro during the last quarter. This is 4.5 percent down from the year earlier. During the first nine months of the past financial year, sales had still been receding by 8.5 percent.

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