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Triton says still a contender to buy Karstadt

German-Swedish financial investor Triton is still one of the contenders to acquire insolvent German department store chain Karstadt, a spokesman for the group told Reuters on Sunday.

“We are expecting that our offer will be on the agenda on Monday,” the spokesman said. A committee representing Karstadt's creditors plans to select an investor on Monday.

German newspaper Bild am Sonntag reported earlier on Sunday that out of the four parties interested in buying Karstadt, only Berggruen and Highstreet were still in the running.

Investor Nicolas Berggruen and Goldman Sachs-led consortium Highstreet have submitted bids for Karstadt, whose stores are found in most large German cities.

Bild am Sonntag said Russian investor Artur Pachomov had handed in a letter expressing interest to buy Karstadt but the insolvency administrator did not considered it a formal bid. (Reuters)