“Holding Media-Saturn was going to sell his business in Russia “M. Video”

– Media-Saturn-Holding GmbH (member of Ceconomy AG) is currently negotiating with “M. Video” on the possible sale of Russian business, the report said the German company.

In the framework of a possible deal also discussed the purchase of the German company’s minority stake in M. Video. However, the decision on the transaction is not accepted. If it is accepted, the potential buyer will contact you with her details.

Media-Saturn operates in Russia a home appliances and electronics Media Markt. In Europe it is the market leader. Network in Russia was developed by the company OOO “Media-Markt-Saturn”. In 2006 in Russia it has been opened about 60 stores, according to the website of the retailer.

According to analytical system “SPARK-Interfax”, the proceeds of “Media-Markt-Saturn” in 2016 fell 6% to 41.35 billion rubles, the net loss was 4.29 billion.

M. Video is the leader of the Russian retail market of household appliances and electronics. The company intends to buy its competitor Eldorado for 45.5 billion rubles. Both companies belong to the group “Safmar” Mikhail Gutseriev (PJSC “M. Video” she owns 57.7% of the shares in “Eldorado” – 100% shares).

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