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Ceconomy AG (CECG.DE)

CECG.DE on Xetra

6.53EUR
4:35pm BST
Change (% chg)

€-0.18 (-2.68%)
Prev Close
€6.71
Open
€6.10
Day's High
€6.54
Day's Low
€6.10
Volume
4,106,182
Avg. Vol
1,450,882
52-wk High
€13.40
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€6.10

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UPDATE 2-Ceconomy shares melt as hot summer hits profit outlook

BERLIN, Sept 19 Shares in Ceconomy fell on Wednesday after Europe's biggest consumer electronics retailer cut its profit goals for the 2017/18 financial year, citing poor trading as an unusually hot summer put people off buying TVs and other gadgets.

UPDATE 1-Haniel could sell its 25 pct Ceconomy stake if good offer

DUISBERG, Germany, Sept 4 German investment group Haniel could sell its 25 percent stake in consumer electronics retailer Ceconomy if the right offer came along, its chief executive Stephan Gemkow said.

UPDATE 3-Metro soars on takeover speculation as stake sold

* Ceconomy shares gain more than 4 pct (Adds analyst comment, background)

Metro soars on shake-up of shareholder structure

BERLIN Shares in Metro AG jumped on Monday as Ceconomy announced it may join family-owned Haniel [FHANI.UL] in selling a stake in the German retailer to an investor group led by Czech billionaire Daniel Kretinsky.

UPDATE 2-German retailer Ceconomy to review pace of expansion in Turkey

BERLIN, Aug 14 German consumer electronics retailer Ceconomy said it will reconsider its rapid pace of expansion in Turkey in light of the lira's recent collapse, but saw no reason to change its long-term view on the country's prospects.

Freenet buys stake in Germany's Ceconomy via capital increase

FRANKFURT German independent telecoms company Freenet will acquire 9 percent of Ceconomy via a rights issue, helping the consumer electronics retailer to strengthen its balance sheet after a recent Russian deal.

Freenet buys stake in Germany's Ceconomy via capital increase

FRANKFURT, June 29 German independent telecoms company Freenet will acquire 9 percent of Ceconomy via a rights issue, helping the consumer electronics retailer to strengthen its balance sheet after a recent Russian deal.

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)

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