ADVERTISEMENT

GVH clears Kika acquisition by XXXLutz group

Retail

Hungaryʼs Competition Office (GVH) has cleared the acquisition of the Kika home furnishings stores in Hungary by a unit of Austriaʼs XXXLutz group, a resolution posted on the officeʼs website shows.

The acquisition "does not significantly reduce competition on the affected market", GVH said.

XXXLutz also owns the Mömax chain of home furnishings stores in Hungary.

Austriaʼs Signa Holding agreed in the spring to sell the Kika stores in Hungary, the Czech Republic, Slovakia and Romania to XXXLutz.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.