Z/C/H participated in the sale of Baumax stores

26. January 2016

Z/C/H Legal provided legal advisory services to Raiffeisenlandesbank Oberösterreich Aktiengesellschaft and to companies under the Raiffeisen-IMPULS-Leasing Group concerning the sale of Baumax stores and shopping centers. Raiffeisen-IMPULS-Leasing is a 100 % subsidiary of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft. Since its incorporation in 1983, Raiffeisen-IMPULS-Leasing has become the Upper Austrian market leader and operates more than 40 branch offices in Austria, Germany, the Czech Republic, Croatia, Romania, Poland and Slovakia.

Since 2012 the Austrian branch of Baumax has been in the process of restructuring, involving the sale of its business operations in the Czech Republic, Austria, Slovakia and Slovenia. Baumax had already sold its operations in Romania, Bulgaria, Croatia, Turkey and Hungary. Most of the Czech stores will be taken over by the Polish Merkury Market chain; the German OBI chain will take over the remaining stores.