Germany's Thalia 'back on the market'

Germany's Thalia 'back on the market'

Speculations are bubbling up again in Germany that a sale of book chain Thalia is on the horizon.

The country’s largest book chain has been on the market on and off for quite some time.

According to Reuters, the latest suitor is Swiss company Orell Füssli, which reportedly offered US private equity investor Advent International around €100m for the German market leader.

In a way this deal would make sense because Thalia and Orell Füssli are already business partners in Switzerland. In 2013 the companies bundled their bookselling activities in the joint venture Orell Füssli Thalia AG.

Last December, The Bookseller reported that Thalia had been taken off the market less than four weeks after Advent appointed the investment bank Macquarie to find a buyer for the German bookselling operation. At the time, the US investor reportedly took the chain off the market because none of the interested parties were prepared to pay the asking price.