Entrepreneur Josef Liokumovich became the owner of a majority stake in the Russian OBI business. 27 hypermarkets in Russia cost him 600 rubles.
After the start of a special operation in Ukraine, the German OBI GmbH announced the suspension of its activities in Russia and then decided to sell the business to a local investor.
“Yes, 600 rubles. Before the pandemic it was about 100 million euros, it cannot be said that this business has been in vain. Now there are circumstances that have changed a lot. You have to invest a lot in this business, put things in order. This is a wonderful and financially healthy company, but it needs to be put on its feet,” Liokumovich said in an interview with Forbes.
The businessman now owns 60% of the company, another 40% belongs to the Russian partner, who wished to remain private.
OBI has been operating on the Russian market since 2003. Now the network has 27 hypermarkets, they employed about 4.9 thousand employees. Liokumovich began to work in Russia in the 90s, participated in “big projects in Russia and abroad, worked with big businessmen.”
Author:
anastasia mariana
Source: RB
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