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Ceconomy AG (CECG.DE)

CECG.DE on Xetra

6.33EUR
14 Aug 2018
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Tue, Aug 14 2018

UPDATE 2-German retailer Ceconomy to review pace of expansion in Turkey

BERLIN, Aug 14 German consumer electronics retailer Ceconomy said it will reconsider its rapid pace of expansion in Turkey in light of the lira's recent collapse, but saw no reason to change its long-term view on the country's prospects.

Freenet buys stake in Germany's Ceconomy via capital increase

FRANKFURT German independent telecoms company Freenet will acquire 9 percent of Ceconomy via a rights issue, helping the consumer electronics retailer to strengthen its balance sheet after a recent Russian deal.

Freenet buys stake in Germany's Ceconomy via capital increase

FRANKFURT, June 29 German independent telecoms company Freenet will acquire 9 percent of Ceconomy via a rights issue, helping the consumer electronics retailer to strengthen its balance sheet after a recent Russian deal.

Germany's Ceconomy to swap Russian business for M.video stake

FRANKFURT German consumer electronics retailer Ceconomy has agreed to swap its Russian business and cash for a 15 percent stake in M.video , a unit of Russia's Safmar, it said on Wednesday.

Safmar could use part of Ceconomy deal proceeds to pay VTB debt

MOSCOW 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 .

UPDATE 2-Germany's Ceconomy to swap Russian business for M.video stake

* Ceconomy shares rise 3.9 pct (Adds further details of deal, changed Ceconomy earnings guidance)

M.video to pay Safmar $170 mln for Ceconomy's Russian stores-source

MOSCOW, June 20 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.

Ceconomy strikes Russia deal with Safmar

FRANKFURT, June 20 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.

Ceconomy nears Russia deal, considers capital increase

FRANKFURT/DUESSELDORF German consumer electronics group Ceconomy 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 .

UPDATE 3-Ceconomy nears Russia deal, considers capital increase

* Ceconomy shares drop nearly more than 10 percent (Adds Ceconomy confirmation)

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