M.Video closed the deal to buy the MediaMarkt activities in Russia

As a result of the transaction, the Group "M. Video-Eldorado" received management from 42 MediaMarkt stores in 22 cities of the Russian Federation.

"Group" M. Video-Eldorado "announces the closing of the deal, in which MediaMarktSaturn holds a 15% interest in PJSC" M. Video "of the" Safmar "group, the company's largest shareholder, and the" M Video-Eldorado "acquired 100% participation in Media-Saturn-Russia LLC, Russian MediaMarketSaturn business", announced the authorized representative of the company. The company plans to open around 60 stores in their site "M. Video" or "Eldorado". If there was more stabilization in 2017-2018, integration of additional items, at the moment that the integration of assets is already in the final phase, we will start with MediaMarkt stores from 2016 onwards.

The German network of media stores Media Markt announced the withdrawal from the Russian Federation until 1 September, in connection with this started the sale in all stores of the network.

In the early summer of 2018 the German electronics store MediaMarktSaturn announced the purchase of a 15% stake in M. Video "of the Safmar group" Mikhail Gutseriev, reported for this "Vesti".

After concluding the deal, "M. Video" has the following shareholder structure: "Safmar" controls 38.2% of the shares, Media Markt Saturn holds 15% of the shares, 46.8% remains free float on the stock exchange Moscow. The owner of the store, the German company Ceconomy, agreed to run the Russian activities of MediaMarkt in the "Safmar" group Mikhail Gutseriev. As a result, the group "M. Video-Eldorado" received management from 42 MediaMarkt stores in 22 Russian cities.

He added that the new format implies smaller & # 39; Eldorado & # 39; stores – up to 600 m2. The total profits of the company can amount to more than 4502 billion rubles in 2022.

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