Praktiker needs an urgent loan

Praktiker has an urgent need for several ten millions of euros loan, to recharge its stores with goods for the spring – wrote the Financial Times Deutschland (FTD) on Tuesday.

According to the source of the German commercial newspaper; the discussions over the pre-financing “cannot be delayed for weeks” help, “must come quickly.” The German company  officially told that “the (negotiation) process is still ongoing.”

The financing needs of the DIY stores are typically the highest in the January-February period, because usually the revenues are relatively modest in the beginning of the year, but should be prepared for the high spring season – reports MTI.