Technopolis Owner Acquires Bulgaria's Praktiker Branches

Videolux Holding was given on Thursday go-aheadto pursue with the acquisition of German DIY chain Praktiker in Bulgaria.

The deal, which had been pending approval by Bulgaria's Competition Protection Commission since February 27, was added into the watchdog's registry, the website reported.

BauMax to Withdraw from Turkey

Austrian home-improvement DIY chain BauMax has officially announced its withdrawal from Turkey.

BauMax owner Karl-Heinz Essl communicated the news on Austrian ORF television and repeated previous information that the company also mulls leaving other markets in Southeast Europe.