The deadline for binding final bids for Galeria was over the weekend.
Four investors had placed offers for the chain, the insolvency manager, Stefan Denkhaus, told journalists.
He didn’t name the bidders but said they had international financing and were interested in taking over more than 60 stores.
More than 90 stores are currently listed on its website.
(Reporting Matthias Inverardi; writing by Tom Sims; editing by Rachel More, Kirsten Donovan)
