The owners of private investment bank Sal. Oppenheim have cut their stake in the Arcandor group from 24.9% to 9.69%, Arcandor reported. The reduction means the bank has lost its status as biggest shareholder in the beleaguered retail and tourism group, which filed for insolvency earlier this year.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
