Ceconomy in Talks With M.Video Over Potential Disposal, Minority Stake Acquisition
April 13 2018 - 9:24AM
Dow Jones News
By Marc Bisbal Arias
Ceconomy AG (CEC.XE) said Friday that its subsidiary
Media-Saturn-Holding is in talks with M.Video (MVID.MZ) about a
potential disposal of Media-Saturn-Group's Russian retail business
and a concurrent acquisition of a minority stake in M.Video by a
Media-Saturn-Group company.
The company said it hasn't yet made a decision about whether the
transaction will be pursued. The conditions of any transaction
aren't certain at the moment, it said.
Ceconomy, which was responding to media speculation, said it
will keep the market and the public informed about the progress of
this issue.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
April 13, 2018 09:09 ET (13:09 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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