PARIS: A Paris court yesterday rejected demands by the works council at Printemps to suspend the sale process of the retail chain to Qatari investors for 1.75bn euros ($2.33bn). Unions had complained they were not sufficiently informed about the transaction or its terms, as the law requires, and called for the deal to be halted. But the court said it found no irregularities in the sale to Qatari investors of Borletti Group’s 30 percent stake and the 70 percent owned by Deutsche Bank’s RREEF real estate investment unit.
