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Insolvent German Bookseller Weltbild Attracts Possible Buyers

Posted at 4:09PM Monday 03 Feb 2014

Several possible investors have expressed their interest in German insolvent bookseller Weltbild, a spokesman for its insolvency administrator said.

It was not yet clear how many of them would decide to do due diligence of Weltbild, he said on Monday.

Weltbild, owned by the Roman Catholic Church, filed for insolvency last month after failing to keep up with competition from internet-based rivals such as Amazon.com and to obtain new financing.

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