Company close to Chimimport cleared to buy stake in Baumax: Capital Daily Rodna Zemya Holding, linked to Chimimport, has received a nod from the Commission on Protection of Competition (CPC) to acquire part of do-it-yourself (DIY) stores operator Baumax Bulgaria. Three parties will participate in the concentration - Rodna Zemya Holding, Apostol Apostolov (chairman of Texim Bank’s supervisory board) and current Baumax Bulgaria owner Peyo Nikolov. The latter is currently in control of 99.2% of Baumax Bulgaria via his company Haedus. Back in the fall of 2014, Haedus acquired Baumax Bulgaria from its Austrian owners.
Source: Capital (27.01.2015)