Croatian Adria Design banned from using Magma trademarks.

By bne IntelliNews June 28, 2011
The commercial court in Zagreb banned retailer Adria Design from using the trademarks of Croatian store chain Magma, including the trademark Turbo Limac, in all of its 29 stores, retailer Magma reported in a filing to the Zagreb Stock Exchange. The ban is related to a dispute between the two companies on a delayed acquisition payments of several Magma subsidiaries by Belgrade-based NCA Investment, with one of the deals being for a 51% stake of Adria Design. Magma posted an HRK 166.6mn (EUR 22.9mn) consolidated loss in January-September 2010, following a net loss of HRK 82.2mn for the same period in 2009.

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