Spectator on facebook

Spectator on facebook

Obi may soon replace Baumax

THE GERMAN DIY retailer Obi may soon take over the network of hobby markets Baumax, the Austrian website DiePresse.com reported.

(Source: TASR)

The retailer allegedly wants to rent dozens of shops, not only in Slovakia, but also in Austria, the Czech Republic and Slovenia. However, it does not plan big layoffs, the Sme daily wrote on its website.

Baumax has announced some time ago that it will withdraw from the Slovak market as part of the restructuring process. Currently it has 14 shops in the country whose value amounts to some €100 million, Sme wrote.

Obi will discuss a possible take over of Baumax’s with the European Commission in the coming days, the Aktuality.sk website wrote. The EC should check whether such a step will not result in a dominant position of the German group in the market.

Without its approval it cannot come to Slovakia.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Another For a Decent Slovakia protest was also joined by farmers

People took to the streets for the eighth time.

Farmers with tractors awaited the protesting crowd at the SNP Square in Bratislava.

Coronations return to Bratislava Photo

This year Bratislava will recall the coronation of Leopold II, the younger son of Maria Theresa.

Bratislava will again enjoy re-enactment of coronation ceremony

Police detain another person in promissory notes case

Ex-director of private broadcaster TV Markíza, Pavol Rusko, was detained shortly after being heard.

Pavol Rusko

Last Week in Slovakia: Farmers staged a protest by driving across the country Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Farmers also met President Andrej Kiska in Bratislava