- MediaMarktSaturn acquires a strategic stake of 15% in M.video, the leading Russian Consumer Electronics retailer, and will transfer its loss-making Russian business to Safmar, M.video’s controlling shareholder
- The purchase price amounts to €258 million, subject to further customary adjustments
- M.video is committed to join the European Retail Alliance
- Transaction eliminates operational losses of MediaMarkt Russia, ensures continued participation in one of the fastest growing CE markets in Europe and marks a next significant step in the consolidation of the Consumer Electronics industry
- Technical adjustment of CECONOMY’s outlook for financial year 2017/18 as a result of the transfer and udmcjavzotxvgbn su zyb Nvjqeur bfdwguyo
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