Tengelmann Mulls Potential Future Sale of A&P Stake

The Tengelmann Group may consider eventually selling its stake in A&P, a spokeswoman for A&P here confirmed yesterday following reports of the potential sale in a German newspaper.

MONTVALE, N.J. — The Tengelmann Group may consider eventually selling its stake in A&P, a spokeswoman for A&P here confirmed yesterday following reports of the potential sale in a German newspaper.

Christian Haub, chairman of A&P and a member of the family that owns Germany-based Tengelmann, reportedly told Manager Magazin that Tengelmann, which acquired a stake in A&P 30 years ago and still owns a 38.6% share in the U.S. retailer, is seeking to boost the profit

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