Berggruen says way clear for him to buy Karstadt

BERLIN, Sept 2 (Reuters) - Billionaire Nicolas Berggruen said on Thursday the way had been cleared for him to buy German department store chain Karstadt.

'All those who had to say 'yes' have said 'yes',' Berggruen told Reuters television. 'Now the real work starts so that this is a success.'

Berggruen earlier this year agreed to buy Karstadt, but creditors to Highstreet -- controlled by Goldman Sachs and Deutsche Bank -- had been struggling to agree to debt restructuring. The remaining hurdle was approval by holders of a mezzanine facility.

(Reporting by Annika Breidthardt, writing by Paul Carrel) Keywords: KARSTADT/BERGGRUEN ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.