Susli, chairman of the Association of Turkish Businesspeople, and a stakeholder, among others, in Search Chemicals, a Romanian construction materials wholesaler with revenue of EUR10 million in 2012, started talks for the takeover of all Praktiker stores of Romania three months ago, but the sides have not agreed on all the terms of the deal until now, according to people close to the matter.
Contacted by ZF, Omer Susli and Praktiker Romania officials declined to comment.
Last year, Praktiker appointed Transilvania Insolvency House to negotiate a rent cut with the owners of Romanian stores. Rents made up annual expenses of 15-20 million euros for all Praktiker stores, according to ZF information.
After the start of talks with the Turkish investor, negotiations on rents were partially suspended and will be likely resumed on deal completion.
Omer Susli, 49, is a businessman who arrived in Romania more than 20 years ago and has invested inclusively in wind power projects and fiber and polystyrene producer Romtextil.
(English version by Catalina Apostoiu)