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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ceconomy AG (PK) | USOTC:MTTRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.580605 | 0.3719 | 0.8691 | 0.00 | 12:16:18 |
From Feb 2020 to Feb 2025
By Alberto Delclaux
Ceconomy AG (CEC.XE) said Tuesday that it is considering a capital increase of up to 10% related to the potential transfer of its Russian MediaMarkt business, confirming press reports that led to the share price tumbling.
The German retailer said it is considering a capital increase in light of the potential transfer, and to strengthen its balance sheet for further strategic measures. A final decision on the increase will be taken at a later date, it said.
Ceconomy said its talks with Russia's Safmar Group to transfer its entire loss-making Russian MediaMarkt business could come to a conclusion shortly.
At 1042 GMT, Ceconomy shares trade 9.5% lower at EUR7.83.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
June 19, 2018 07:09 ET (11:09 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Ceconomy (PK) Chart |
1 Month Ceconomy (PK) Chart |
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