Invest AG, a subsidiary of Raiffeisenlandesbank Oberösterreich, has acquired 77 percent of the shares in the Austrian branch of Eduard Kettner, a retailer specialized in products for the outdoor, hunting and horse riding. The seller, who keeps the rest of the equity, is Heribert Sendlhofer. He had purchased in the spring of 2006 the Austrian subsidiary of the German chain by the same name, which went bankrupt in 2003. With only four stores since the takeover, Kettner Austria needed fresh capital because of a steady decrease in annual turnover, ending up with sales of €5.6 million last year as compared to €9 million in 2003, according to the Austrian daily Der Standard, the new owners reportedly want to achieve the financial turnaround by opening of at least three more stores in the country.