JP Morgan has edged out the two co-arrangers of Praktiker's Frankfurt flotation by being chosen as the sole bookrunner on a convertible bond to finance the acquisition of a rival.

JP Morgan was sole adviser to Praktiker, a German do-it-yourself chain, on a deal agreed earlier this month to buy Max Bahr, a rival home improvements retailer, for an undisclosed sum.

Caroline Meehan

JP Morgan

Deutsche Bank

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