Obi puts stop to expansion

Obi has with immediate effect put a stop to the group’s expansion into Greece, which was announced in mid-May last year. The decision was made jointly with the company’s Greek partner Sato, a furniture trading company. The reasons for this decision are the current global economic climate, the unstable situation of the financial markets and the deterioration of consumer mood all over Europe. Obi had intended to inaugurate its first DIY stores in Greece at the end of 2009.