MOSCOW, August 31. /TASS/. M. Video retailer closed the deal on acquisition of Russian business of Germany’s Media Markt, the company said on Friday.

Media Markt Saturn purchased 15% of M.Video shares from Safmar in the course of the deal and M.Video-Eldorado group acquired 100% participation in Media-Saturn-Russland, the Russian business of Media Markt Saturn.

M.Video will manage 42 Media Markt stores in 22 Russian cities as a result of the deal. The group plans to open on these sites about 60 stores under M.Video-Eldorado brands, depending on location, competitive environment and the consumer audience. Some stores will be open this year and the others in the second half of 2019.

In other media

Read the original article in full at TASS

Article Sourced via TASS


Russian News Agency, founded in 1902. TASS is the leading Russian state information agency, a legend of national news journalism. With us news becomes stories and events become history.
Follow Me:

Related Posts