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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.016526 | -2.99% | 0.5361 | 0.5216 | 0.5915 | 0.569376 | 0.5361 | 0.568181 | 10,634 | 21:00:09 |
From Jul 2019 to Jul 2024
By Anthony Shevlin
Ceconomy AG (CEC.XE) said Thursday its major holding Media-Saturn is in advanced discussions with SAFMAR Financial Investments (SFIN.MZ) regarding a possible sale of its loss-making Russian MediaMarkt business.
The German company said the transaction would eliminate the operative losses of Media-Saturn's Russian business and would be consistent with Ceconomy's strategy.
Ceconomy said Media-Saturn would pay around 258 million euros ($303.5 million) for a 15% stake in SAFMAR's M.Video (MVID.MZ) business, a Russian consumer-electronics retailer.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
June 14, 2018 13:06 ET (17:06 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Ceconomy (PK) Chart |
1 Month Ceconomy (PK) Chart |
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