Germany's Thalia 'off the market'

Less than four weeks after Advent appointed the investment bank Macquarie to find a buyer for its German bookselling operation Thalia, the US investor has reportedly taken the chain off the market because none of the interested parties was prepared to pay the asking price.  

According to Manager Magazin, Advent will now continue the ongoing restructuring and modernization of Germany’s largest bricks-and-mortar bookseller, part of Douglas holding, acquired by Advent in 2012.

A spokesperson for Douglas said in a short statement that the company is not under any pressure to come to a decision because Thalia is doing “very well operationally”.