Hardware stores

bauMax Bulgaria, a unit of Austrian do-it-yourself chain bauMax, has been sold for EUR 1 to Bulgaria's Haedus, money.bg reported on Friday.

According to Sofia-based Pressa daily, the buyer will also assume bauMax Bulgaria's outstanding debt and will cover its 2013 loss of BGN 37 M (EUR 18.5 M), money.bg said.

Austrian do-it-yourself chain bauMax has sold its Bulgarian unit comprising eight stores to local investor Haedus JSC.

Austrian home-improvement DIY chain BauMax has officially announced its withdrawal from Turkey.

BauMax owner Karl-Heinz Essl communicated the news on Austrian ORF television and repeated previous information that the company also mulls leaving other markets in Southeast Europe.