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Ceconomy applies for state aid amid outbreak

Monday 30 March 2020 | 10:19 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, has applied to state-owned development bank KfW to receive financial aid after it closed its shops because of the Covid-19 outbreak, Suddeutsche Zeitung reports. The company said that it is currently "completely unclear" how long it will take before resuming normal business operations. The shops of the electronics chains Media Markt and Saturn are closed across Europe because of the pandemic.  

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Categories: Mobile & Wireless
Companies: Ceconomy
Countries: Germany
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