Spectator on facebook

Spectator on facebook

EC approves acquisition of Baumax by Obi

THE EUROPEAN Commission endorsed the acquisition of the shops owned by the Austrian network of hobby markets Baumax in Slovakia, the Czech Republic and Slovenia by German DIY retailer Obi.

(Source: SME)

“As for the parts of transaction scrutinised by the EC, it decided that the proposed transaction does not pose a risk to competition as the combined market share would be little,” Ingrid Ludviková of the EC Representation in Slovakia said, as quoted by the TASR newswire.

Based on the request of the two companies, the EC also asked the Austrian authorities to check whether the transactions relating to Austria are in compliance with the country’s laws on competition back in August 2015.

Read also: Read also:Obi may soon replace Baumax

Baumax originally planned to close its shops in Slovakia at the end of October. The shop on Bajkalská street in Bratislava will however close on October 28, the Denník N daily reported on its website.

The retailer still did not want to say who will replace it, not responding to the questions about whether it will be Obi, as reported by several media outlets, according to Denník N. 

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.