OBI stores in Russia to be acquired by local investor

German retailing company OBI plans to sell its business in Russia to a local investor, a lawyer accompanying the asset sale said. According to him, OBI stores in Russia may be reopened until the end of April. The name of the investor company, as well as the amount of the transaction, have not yet been disclosed.

By Editorial

12.04.2022

Sanctions Context

Tags
Foreign Brands Activity

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Performance

Analytics

Others

SANCTIONS CONTEXT

The Russian Export Center ready to test transactions in cryptocurrency

Hoff to consider buying or leasing IKEA’s production and retail spaces in Russia

IKEA to sell all four of its factories in Russia

Requirement to sell exports’ earnings in foreign exchange cancelled as confirmed by the government

Key rate cut back to the pre-sanction level

CURRENCY EXCHANGE RATES

LATEST MARKET STUDY

Categories

OBI stores in Russia to be acquired by local investor

Related Articles

Hoff to consider buying or leasing IKEA’s production and retail spaces in Russia

IKEA to sell all four of its factories in Russia

IKEA in Russia resumes operation of customer support center, return and exchange department, while stores remain closed