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Russia's M.video says Q4 sales down 1.4% y/y
Russia's M.Video says Q3 like-for-like sales down 9.9% y/y
Russia's M.Video says H1 net profit up 2.2% y/y
M.video PAO (formerly known as M.video OAO) is a Russia-based consumer electronics and home appliance retail chain. M.video PAO operates through numerous stores in over 100 cities, as well as through online store within the Russian Federation. It offers audio, video, digital, small and large home appliances, media and entertainment products, as well as accessories. It also offers products delivery and repair services. In addition, the Company provides management and consulting services for holding companies and for companies active in the financial and industrial sectors. M.video PAO operates through two wholly owned subsidiaries, located in Moscow. As of December 31, 2011, the Company’s major shareholder was Svece Limited with a stake of 67.78%.
ul. Nizhnyaya Krasnosel'skaya
d. 40/12, korpus 20
Said Mikhaylovich Gutseriev
Chairman of the Board, Non-Executive Director
Aleksandr Anatolevich Tynkovan
Chairman of the Management Board, President, Executive Director
Bilan Abdurakhimovich Uzhakhov
Executive Director, General Director (CEO), Member of the Management Board
Member of the Management Board, Chief Financial Officer
Retail Operations Director
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Russia's interior ministry and the Federal Security Service on Wednesday searched the Moscow office of oil company Forteinvest headed by Said Gutseriyev, son of tycoon Mikhail Gutseriyev, two leading business newspapers reported.
Ceconomy, Europe's biggest consumer electronics retailer, on Friday said it was delaying plans to form an extensive business alliance with French peer Fnac Darty, in which it owns a 24 percent stake.
* SAYS THAT RIVERSTRETCH TRADING & INVESTMENTS LIMITED (RT&I) HAS INDIRECTLY ACQUIRED 9.12 PERCENT SHARES IN THE COMPANY
Russia's largest home appliances retailer M.Video raised its revenue and earnings forecasts on Monday as it reported an 88 percent jump in first-half net profit, helped by its merger with rival chain Eldorado.
The World Cup has captivated host Russia for a month, proving a boon for the brewing and hotel industries while dampening spending on some expensive items and curbing trading on financial markets.
German independent telecoms company Freenet <FNTGn.DE> will acquire 9 percent of Ceconomy <CECG.DE> via a rights issue, helping the consumer electronics retailer to strengthen its balance sheet after a recent Russian deal.
The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Wednesday: ** Telecom Italia (TIM) has discussed the idea of merging its fiber-to-the-home (FTTH) assets with those of broadband rival Open Fiber with the smaller company's shareholders,...
* M.video plans to buy Ceconomy's Russian stores for $170 mln
German consumer electronics retailer Ceconomy <CECG.DE> has agreed to swap its Russian business and cash for a 15 percent stake in M.video <MVID.MM>, a unit of Russia's Safmar, it said on Wednesday.
Safmar, which groups assets of billionaire Mikhail Gutseriyev's family, could use part of the proceeds from its deal with German consumer electronics group Ceconomy <CECG.DE> to pay off its debt to VTB Bank <VTBR.MM>.
Safmar, which groups assets of billionaire Mikhail Gutseriyev's family, could use part of the proceeds from its deal with German consumer electronics group Ceconomy to pay off its debt to VTB Bank.
Russian consumer electronics retailer M.video plans to buy Media-Markt Russian stores from its shareholder Safmar Group for $170 million, a source close to one of the companies said on Wednesday.
German consumer electronics group Ceconomy said on Wednesday it had agreed to sell its loss-making Russian business to Russia's Safmar group and take a 15 percent stake in Safmar's M.video.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
German consumer electronics group Ceconomy <CECG.DE> said on Tuesday it expects to strike a deal shortly to sell its loss-making Russian business to Russia's Safmar group, and take a 15 percent stake in Safmar's M.video <MVID.MM>.
German consumer electronics group Ceconomy is expected to strike a deal within days to sell its loss-making Russian business to Safmar and take a 15 percent stake in Safmar's M.video , three people close to the matter said.
The following are some of the factors that may move German stocks on Friday:
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
* Ceconomy sees one-time hit to 2017/18 net profit (Adds details, background)
German consumer electronics group Media-Saturn is in advanced talks with Russia's Safmar about disposing of its loss-making business in the country and taking a 15 percent stake in Safmar's M.video, parent firm Ceconomy said on Thursday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.