Collapse of Max Bahr deal

The attempt by rival company Hellweg to acquire Max Bahr, a German DIY chain that is a subsidiary of the insolvent Praktiker Group, has broken down. The reason: the master lessor, a company called Moor Park MB that is likewise insolvent, demanded rent guarantees that Hellweg was not prepared to give. Meanwhile the Globus trading group, which had withdrawn from the bidding process, has reaffirmed its interest in acquiring the company.