OBI completes sale of business in Russia for €1 - report
MOSCOW, July 30. /TASS/: Germany’s OBI signed an agreement with a group of Russian investors on sale of the six companies owning the Russian network of OBI stores, Vedomosti reported Saturday citing two sources close to the deal.
According to the report, 40% of shared of these companies will be obtained by the Max group of investment and construction companies, while 60% will be bought by businessman Joseph Liokumovich. Later, Max may sell some of the shared to "third parties," the newspaper says.