EconomyMedia: OBI closes deal to sell Russian business for...

Media: OBI closes deal to sell Russian business for one euro

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A sign for an OBI store at MEGA Belaya Dacha. Archive photo

Vedomosti: OBI closes deal to sell Russian business for one euro

MOSCOW, July 30 – RIA Novosti. OBI closed the deal to sell its Russian business for one euro, businessman Josef Liokumovich bought a controlling stake in the network, informs Vedomosti newspaper cited two sources close to different sides of the agreement.

On July 27, German OBI GmH signed an agreement with a group of Russian investors on the sale of six legal entities of the Russian chain of OBI DIY stores.Businessman Josef Liokumovich The amount of the transaction is symbolic … 1 euro,” writes the newspaper.

Earlier, the Federal Antimonopoly Service approved GISK Max’s application to acquire the Russian business of OBI GmH.

Another newspaper source close to the deal says Liokumovich has been friends with the Haub family, which owns German OBI GmH through the Tengelmann Group, for many years: once they were ready to close their Russian business, he could offer his services. The businessman’s acquaintances call him a “professional negotiator.” OBI says it will be the smallest of their business. He doesn’t specify details, just says “all his other companies work abroad”.

Earlier, the media called Liokumovich a representative of the Austrian group of companies Supernova, specializing in managing shopping and entertainment centers in Central and Eastern Europe. Its portfolio includes around 60 such objects in Austria, Germany, Poland, Romania, Croatia and other countries, Vesti.am reported. In 2015-2016, this firm took part in the sale of part of the assets of the bankrupt Austrian DIY retailer bauMAX to the same OBI and supported the leasing of OBI stores in Austria.

Source: Ria

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