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General

Ceconomy agrees new credit facility with banks

Tuesday 12 May 2020 | 16:27 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, said it has received approval from a consortium of partner banks for a EUR 1.7 billion loan facility. The company had already received the approval from the German government to receive the loan from the KfW, the state-owned bank, for a period until December 2021, with a one-year extension option at the discretion of KfW.  

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Categories: General
Companies: Ceconomy
Countries: Germany
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