One based the practical men of building and do-it-yourself enthusiast markets AG in the year 1978 under the name in Luxembourg. Company nut/mother was the department store AG German in Saarbruecken resident Asko.

The head office of the practical men AG is in Kirkel. Chairman of the board is Wolfgang Werner.

History

1979 transferred practical men to Germany of nine BayWa building markets and opened additionally four new markets. Scarcely 15 years later 1993 it came to a clearing. Metro cash & Carry, which belonged the Massa of wholesale AG, split the building market part off and sold it at practical men. The trunk part was renamed in material wholesale AG. Similarly with BLV and extra one proceeded. The first steps for the forthcoming fusion and market shakeout were carried out thereby.

In the future practical man transferred many small building markets like "BLV", "massa" and "specially". 1995 were received then practical men as part of the Asko German department store AG by their fusion with the Metro cash & Carry into the Metro Group. One year later was opened the first market in Poland.

In the year 1998 the Metro opened Group to the 250. Practical man market in Erfurt and celebrated 5 years later 2003 the 25-year old anniversary of the practical man markets. Of 2004 - 2005 expanded practical men and opened first building markets in Turkey, in Bulgaria and Hungary.

At the end of of 2004 withdrew practical men, just like BUILDING HOUSE, from the branch federation BHB.

Stock exchange course and retreat of the Metro

In November 2005 the commercial company brought Metro as owners at that time the practical men AG to the stock exchange and reduced thereby its participation to 40,5%. With a bond issuing price of 14,50 euro thereby approx. 500 million euro at liquid means flowed to the Metro. On 7 December 2005 the Metro sold its 53 practical man real estates for 480 million euro. Finally the Metro communicated AG on 10 April 2006 in an obligation publication that it separates from its remaining portion of the building market chain.

With the stock exchange course the goal of an expansion in Eastern Europe was linked. Since 21 February 2006 the share becomes, when successor of the BHW notes getting thing AG, in the small value index SDAX of the Frankfurt stock exchange.

Related links

• Web appearance of the practical men AG
• Web appearance of the practical men AG for final customers

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