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Wireless

M.Video to acquire Eldorado

Friday 23 March 2018 | 08:46 CET | News
Russian mobile, electronics and household appliances retail chain M.Video, controlled by the Safmar group, plans to acquire the retail chain Eldorado for RUB 45.5 billion excluding debt, reports Cnews.ru. M.Video Management, a subsidiary of M.Video, would buy Eldorado, pending approval by shareholders of M.Video. The combined revenues of the retailer are expected to exceed RUB 450 billion by 2022.

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Categories: Mobile & Wireless
Countries: Russian Federation
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