December 01, 2014

Leroy Merlin buys bauMax Romania for €17 million

Leroy Merlin buys bauMax Romania for €17 million

The French group Adeo, owner of Leroy Merlin stores, has paid €17 million for the acquisition of the 15 stores that Austrian DIY retailer bauMax runs in Romania. Law firm Wolf Theiss advised the seller, while the buyer was assisted by the law firm Noerr.

The Austrian retailer announced in the spring that bauMax would focus on five countries – Austria, Czech Republic, Slovakia, Hungary and Slovenia, and would analyse operations in Turkey, Romania, Bulgaria and Croatia.

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