19.06.2018
CECONOMY AG DE0007257503
DGAP-Adhoc: CECONOMY AG: CECONOMY AG reports on further progress of its talks concerning a potential acquisition of a 15% stake in PJSC M.video against transfer of the Russian business of Media-Saturn Group and considers an equity measure
DGAP-Ad-hoc: CECONOMY AG / Key word(s): Mergers & Acquisitions/Corporate
Action
CECONOMY AG: CECONOMY AG reports on further progress of its talks concerning
a potential acquisition of a 15% stake in PJSC M.video against transfer of
the Russian business of Media-Saturn Group and considers an equity measure
19-Jun-2018 / 12:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media-Saturn-Holding GmbH (MSH), a majority shareholding of CECONOMY AG
(CECONOMY), is in very advanced talks with a company of Safmar Group
(Safmar) relating to an agreement concerning the acquisition of a 15% stake
in publicly listed PJSC M.video (M.video), the leading Russian consumer
electronics retailer, by MSH and the transfer of its entire loss-making
Russian MediaMarkt business to Safmar. These talks could come to a
conclusion shortly.
With a view to preserving sufficient leeway and to strengthening the balance
sheet of CECONOMY for further strategic measures, also with regard to the
consequences of the realization of the afore mentioned transaction, CECONOMY
considers carrying out a share capital increase of up to 10%. The capital
increase would occur out of existing authorized share capital under
exclusion of existing shareholders' subscription rights. A final decision
will be taken at a later point in time.
Person making the notification: Sebastian Kauffmann, Vice President Investor
Relations, CECONOMY AG
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19-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: CECONOMY AG
Benrather Straße 18-20
40213 Düsseldorf
Germany
Phone: +49 (0)211 5408-7223
Fax: +49 (0)211 5408-7005
E-mail: [email protected]
Internet: www.ceconomy.de
ISIN: DE0007257503, DE0007257537, Weitere:
www.ceconomy.de/de/investor-relations/
WKN: 725750, 725753, Weitere:
www.ceconomy.de/de/investor-relations/
Indices: MDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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696563 19-Jun-2018 CET/CEST
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