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Wireless

MediaMarkt-Saturn acquires 24 percent share in French chain Fnac Darty

Thursday 27 July 2017 | 10:12 CET | News
Ceconomy, owner of the German retail chain MediaMarkt-Saturn, has acquired a 24 percent stake in the French electronics dealer Fnac Darty for EUR 452 million, reported Der Standard. This marks the entry of the German holding company to the French market. According to Ceconomy's CEO Pieter Haas, the transaction means the start to a promising new era after the spin-off from the Metro Group, which split into a food and electronics retailer.

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Categories: Mobile & Wireless
Companies: Darty / Fnac / Mediamarkt
Countries: France
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