ABN AMRO, Amsterdam, has bought a chunk of debt in troubled Hagemeyer NV to help smooth the way for a rescue deal, according to a Reuters report. Hagemeyer remains in talks over two debt restructuring alternatives. The company said it's currently discussing options to restructure its debt, which on Sept. 30 was approximately $1.1 billion, an increase of approximately $88 million since June 30. Third-quarter sales in Hagemeyer's Professional Products and Services division, which includes its distribution businesses, fell to approximately $1.66 billion from approximately $2.43 billion a year ago.

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