The DIY-store group Praktiker and its major shareholders achieved a compromise at the shareholders' meeting on 4th July 2012. Thus the Praktiker executive board got agreement for its restructuring concept drafted essentially in collaboration with the finance investor Anchorage Capital Europe LLP from Isabella de Krassny as representative of the two major shareholders Maseltov and Semper Constantia. In return two members of the supervisory board are to be replaced by candidates proposed by de Krassny. Praktiker executive directors Kay Hafner and Ebbe Pelle Jacobsen are to withdraw from the supervisory board.
Source:
http://www.euwid-wood-products.com/news/miscellaneous/single/Artikel/praktiker-achieves-compromise-with-major-shareholders.html
