April 28, 2018 / 7:19 AM / 6 months ago

BRIEF-Russia's Megafon says Svyaznoy and Euroset retail chains to merge

April 28 (Reuters) - Russia’s second biggest mobile phone operator Megafon says:

* Announces agreement to merge Svyaznoy and Euroset retail chains;

* Megafon owns 100 percent of shares of Euroset Group, and SLV Group, the controlling shareholder of Svyaznoy Group;

* SLV will become the controlling shareholder of the merged company;

* The parties expect to complete the transaction by the middle of May. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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