The consortium planning to take over Germany’s bankrupt Galeria Karstadt Kaufhof chain of department stores is to invest up to €100 million ($108 million) over the next three years, dpa learned on Friday. Current insolvency plans include the shuttering of 16 of the chain’s 92 outlets. The consortium, comprising US private equity firm NRDC and German entrepreneur Bernd Beetz’s BB Kapital SA, has taken on restructuring a business undergoing its third bankruptcy in the last three and a half years. They have to date not stated how much they are prepared to invest to rescue the chain, the last majo…