Russian subsidiary of OBI sold for 600 rubles
Jozef Lyokumovich bought the Russian subsidiary of the OBI store chain for 600 rubles: acquiring a 60% stake in the company. The owner of the remaining 40% is Russian, but his identity is unknown.
The price of OBI’s Russian subsidiary was estimated at 100 million euros, but according to the buyer, it owed 30 million euros to the parent company, which was settled, but the litigation regarding the debts of some Russian companies is still ongoing. According to the new owner, the network of 27 stores generated a loss of 2.5 billion rubles last year, which was not reduced by the shutdown of nearly one and a half months.
Related news
AM: From January 1, buyers must pay producers within 30 days
From January 1, buyers must pay producers within 30 days.…
Read more >Diageo acquires nonalcoholic spirits brand Ritual
The company is expanding its presence in the zero-proof beverages…
Read more >New challenges await one of the world’s largest retail store chains
7-Eleven, the world’s largest retail chain, operates more than 84,000…
Read more >Related news
They want it to be premium, but also sustainable – expectations of the youngest generation
GlobalData’s latest report, “Demographics in Retail and Apparel” – which…
Read more >Zsolt Liptai became the winemaker of the year
The Hungarian Wine Academy (MBA) has awarded Zsolt Liptai, the…
Read more >Tips for avoiding credit card fraud during the holiday season
The Christmas season is all about the joy of shopping,…
Read more >