![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
By Ulrike Dauer
Erich Kellerhals, co-founder of Media Markt and minority shareholder in Europe's largest consumer-electronics retailer Media-Saturn-Holding, died on Dec. 25.
His death was confirmed by a spokesman of Mr. Kellerhals's company Convergenta Invest GmbH, speaking in name of his family.
Mr. Kellerhals, aged 78, was one of the wealthiest people in Germany, with Forbes magazine estimating his assets at around $2 billion. Mr. Kellerhals's company Convergenta owns a stake of around 20% in Media-Saturn-Holding, with the remaining 80% belongs to Ceconomy AG (CEC.XE), which has been bundling its consumer electronics business since the "old" Metro AG (B4B.XE) split in July.
Mr. Kellerhals had filed a lawsuit against the Metro split, citing tax disadvantages and noting that the split mostly benefited major shareholders. Mr. Kellerhals, who historically had a veto on certain strategic decisions of the Media-Saturn-Holding, and the "old" Metro AG have been fighting over his shareholder rights since 2011.
The dispute was continued with Ceconomy after the split-up. More recently, a mediator took over the case.
"Erich Kellerhals has been a remarkable entrepreneur and has laid the cornerstone of today's MediaMarktSaturn Group with his wife, and we pay tribute to him for his condolences and compassion," the Ceconomy Board said.
Ceconomy shares are up 3.6% at EUR12.18 at 1013GMT.
Write to Ulrike Dauer at ulrike.dauer@wsj.com
(END) Dow Jones Newswires
December 28, 2017 04:44 ET (09:44 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Ceconomy (PK) Chart |
1 Month Ceconomy (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions