Building materials retailer Raab Karcher is on the market. Its owner, Saint-Gobain, is hoping to net CZK 1bn from the sale, which includes 50 shops and storage spaces. Raab Karcher has a 5-percent market share in the Czech Republic. Its revenues reached CZK 2.5bn last year, but its loss totaled CZK 34m, writes Hospodářské noviny. The chain reported a CZK 52m loss in 2013. An external strategic investor is another option for Saint-Gobain, according to the company’s spokesman, Jakub Benda. The daily hints that Saint-Gobain originally wanted to offload its unsuccessful Hungarian network but only managed to attract interest from potential buyers after it added Raab Karcher’s Czech network to the deal.
