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Ceconomy AG (CECG.DE)

CECG.DE on Xetra

7.55EUR
22 Jun 2018
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Wed, Jun 20 2018

Germany's Ceconomy to swap Russian business for M.video stake

FRANKFURT German consumer electronics retailer Ceconomy has agreed to swap its Russian business and cash for a 15 percent stake in M.video , a unit of Russia's Safmar, it said on Wednesday.

Safmar could use part of Ceconomy deal proceeds to pay VTB debt

MOSCOW Safmar, which groups assets of billionaire Mikhail Gutseriyev's family, could use part of the proceeds from its deal with German consumer electronics group Ceconomy to pay off its debt to VTB Bank .

UPDATE 2-Germany's Ceconomy to swap Russian business for M.video stake

* Ceconomy shares rise 3.9 pct (Adds further details of deal, changed Ceconomy earnings guidance)

M.video to pay Safmar $170 mln for Ceconomy's Russian stores-source

MOSCOW, June 20 Russian consumer electronics retailer M.video plans to buy Media-Markt Russian stores from its shareholder Safmar Group for $170 million, a source close to one of the companies said on Wednesday.

Ceconomy strikes Russia deal with Safmar

FRANKFURT, June 20 German consumer electronics group Ceconomy said on Wednesday it had agreed to sell its loss-making Russian business to Russia's Safmar group and take a 15 percent stake in Safmar's M.video.

Ceconomy nears Russia deal, considers capital increase

FRANKFURT/DUESSELDORF German consumer electronics group Ceconomy said on Tuesday it expects to strike a deal shortly to sell its loss-making Russian business to Russia's Safmar group, and take a 15 percent stake in Safmar's M.video .

UPDATE 3-Ceconomy nears Russia deal, considers capital increase

* Ceconomy shares drop nearly more than 10 percent (Adds Ceconomy confirmation)

Ceconomy nears Russia deal, considers capital increase -sources

FRANKFURT/DUESSELDORF, June 19 German consumer electronics group Ceconomy is expected to strike a deal within days to sell its loss-making Russian business to Safmar and take a 15 percent stake in Safmar's M.video , three people close to the matter said.

U.S. tech giants' advance drives Germany's Ceconomy to consolidation

BERLIN German retailer Ceconomy said on Thursday it will keep pushing for consolidation opportunities in European consumer electronics as it seeks to cope with the advance of big rivals like Amazon , as well as suppliers like Apple .

U.S. tech giants' advance drives Germany's Ceconomy to consolidation

BERLIN German retailer Ceconomy said on Thursday it will keep pushing for consolidation opportunities in European consumer electronics as it seeks to cope with the advance of big rivals like Amazon , as well as suppliers like Apple .

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