The DIY stores presently belong to Russian MAX Group and businessman Josef Liokumovich
German home improvement retailer OBI has consented to an arrangement with a gathering of Russian financial backers to discard its business in the country, Vedomosti covered Saturday, refering to sources near the deal.
As indicated by the report, each of the six lawful substances of the Russian OBI chain will be moved to the ownership of Russian speculation and development conglomerate MAX Group (40% stake) and businessman Josef Liokumovich (60%). Under the arrangement, MAX Group may later offer its important for the business to "outsiders."
The sources said the transaction was done at a representative cost of €1.
On March 8, OBI reported it would cease operations in Russia, in the same way as other unfamiliar organizations, regarding what is going on in Ukraine. In April, reports arose that Russia's Federal Antimonopoly Service had endorsed MAX Group's offered to gain OBI's Russian business. On April 27, the corporate store began returning its stores in the country.
OBI declined to remark on the deal.
Liokumovich has purportedly been a companion of the Haub family, which claims OBI in Germany, for a long time, a reality he affirmed in a meeting with Vedomosti. In any case, he declined to remark on his contribution in the procurement of OBI's Russian assets.
Throughout the course of recent months, the Russian OBI network has aggregated critical debts and will apparently require around 4 billion rubles ($64 million) to take care of them and return to ordinary operations.
Liokumovich has purportedly been a companion of the Haub family, which claims OBI in Germany, for a long time, a reality he affirmed in a meeting with Vedomosti. In any case, he declined to remark on his contribution in the procurement of OBI's Russian assets.
Throughout the course of recent months, the Russian OBI network has aggregated critical debts and will apparently require around 4 billion rubles ($64 million) to take care of them and return to ordinary operations.
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