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Media-Saturn negotiates with M.video on sale of Russian business

Monday 16 April 2018 | 09:44 CET | News
The electronics retailer Media-Saturn holding is negotiating with its Russian competitor M.video on the sale of Media-Saturn branches in Russia, the concern's parent company Ceconomy said on 13 April, reported DPA. The transaction would apply also to the minority stake in M.video. Media-Saturn has recorded shrinking revenues because of the difficult environment in the Russian market.

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Categories: Mobile & Wireless
Companies: Media-Saturn Group
Countries: Germany / Russian Federation
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