Max Bahr goes for expansion

Max Bahr wants to expand and is breaking new ground to finance its projects. Over the past few weeks the Hamburg-based DIY retailer, which has so far financed practically all new-build and renovation projects itself, and actually owns almost all its locations, has had a financing concept drawn up by an investment bank. This envisages using the company's great property assets, estimated by industry experts to be worth € 900-1.2 bn, as the basis for its planned expansion. Five new locations are scheduled for the 2006/07 financial year alone. It can be assumed that Max Bahr will raise € 400 – 500 mio for its ambitious goals.