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BUSINESS BRIEFS

NAY group attracts foreign investor

ELECTRONIC and household appliance retailer NAY announced that a foreign investor would purchase a 48-percent stake in the firm. The company also announced the opening of a new NAY retail outlet, the biggest in Slovakia, the SITA news agency reported.

NAY Holding posted sales of Sk3.2 billion (€83 million) before VAT in 2004, marking an historical high in its sales.

According to a survey conducted by GfK Slovakia, NAY's share on the Slovak electronics retail market is 20 percent.

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