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Legal Proceedings Report • Apr 13, 2018
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Legal Proceedings Report
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Ad-hoc | 13 April 2018 14:35
CECONOMY AG: CECONOMY AG comments on rumor concerning potential transaction of the Russian retail business
CECONOMY AG / Key word(s): Mergers & Acquisitions
CECONOMY AG: CECONOMY AG comments on rumor concerning potential transaction of the Russian retail business
13-Apr-2018 / 14:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Media-Saturn-Holding GmbH (MSH), a majority shareholding of CECONOMY AG (CECONOMY), is currently in discussions with M.video about a potential disposal of the Russian retail business of Media-Saturn-Group and a concurrent acquisition of a minority stake in M.video by a Media-Saturn-Group company.
A decision if the transaction will be pursued has not yet been made. If and to which conditions the transaction will be signed is uncertain at this point in time.
CECONOMY will inform the capital market and the public about the progress and in compliance with the applicable legal requirements.
Person making the notification: Sebastian Kauffmann, Vice Presiden Investor Relations, CECONOMY AG
13-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | CECONOMY AG |
| Benrather Straße 18-20 | |
| 40213 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 5408-7223 |
| Fax: | +49 (0)211 6886-5500 |
| E-mail: | [email protected] |
| Internet: | www.ceconomy.de |
| ISIN: | DE0007257503, DE0007257537, Weitere: www.ceconomy.de/de/investor-relations/ |
| WKN: | 725750, 725753, Weitere: www.ceconomy.de/de/investor-relations/ |
| Indices: | MDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |