PMÚ approves acquisition of ElectroWorld

THE ANTITRUST Office (PMÚ) has definitely approved the acquisition of ElectroWorld premises by the company Nay. The firm will get 26 premises, three of which are in Slovakia, the rest in the Czech Republic.

THE ANTITRUST Office (PMÚ) has definitely approved the acquisition of ElectroWorld premises by the company Nay. The firm will get 26 premises, three of which are in Slovakia, the rest in the Czech Republic.

The PMÚ issued the decision on July 17, claiming that the merger will not affect the market since Nay has already been a dominant player in the field of electronics.

“The transaction in question will increase the share of Nay, but this growth is relatively low and does not represent the significant change in the market, while there were no circumstances that would justify the existence of competition concerns,” the PMÚ stated, as quoted by the SITA newswire.

Nay bought the premises of ElectroWorld in Slovakia and the Czech Republic from British firm Dixons Retail. These reported a loss at £5.6 million in the past financial year that ended in April 2014, while the revenues stood at £129 million, SITA reported.

After the acquisition, Nay will control together 57 premises in the Czech Republic and Slovakia, with turnover at about €300 million.

Source: SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Will the 'Old Bridge' retain its name?

There are also humorous proposals, including ‘the Ugly Bridge’, ‘the Useless Bridge’, ‘the Bridge of Paté Eating Warriors’.

The new 'Old Bridge' in Bratislava.

SNG under reconstruction, finally Photo

The resulting premises should become a sort of cultural centre in downtown Bratislava just next to the Danube river, connecting the national gallery with the street life of the capital.

Visualisation of the SNG after reconstruction

Countrywide events

Tips for events in Slovakia between February 5 and 14, including a lot of music - classical, world, jazz, rock; operas, carnival feasts, ballet, a tennis cup, indoor bike show, non-stop skating marathon, exhibitions…

DownMall bike show to take place in Central.

Blog: Then I felt like a doctor who lost a patient

Helena does not have any academic title before or after her name. She is a Roma healthcare assistant. She belongs to my “other Slovakia” – the open, enthusiastic, and daring one.

Roma settlement in Markušovce