Ceconomy AG (CECG.DE)
23 Feb 2018
Wed, Feb 14 2018
DUESSELDORF Germany's Ceconomy , Europe's biggest consumer electronics group, is making a big push to try to resolve a long-running dispute with a major shareholder, its chief executive said on Wednesday.
DUESSELDORF, Feb 14 Germany's Ceconomy , Europe's biggest consumer electronics group, is making a big push to try to resolve a long-running dispute with a major shareholder, its chief executive said on Wednesday.
* Shares slide to bottom of MDAX (Recasts with CEO comments, adds analyst comment, share price)
FRANKFURT, Feb 9 Ceconomy has no plans to raise its holding in France's Fnac Darty after shareholder Knight Vinke sold its stake in the French company to insurance broker SFAM, Ceconomy's chief executive said on Friday.
FRANKFURT, Feb 9 German consumer electronics retailer Ceconomy said it aimed to cut costs in its country units and its holding by 30 million euros ($36.8 million), it said on Friday.
* SFAM could further increase stake but no plans to seek control
PARIS, Feb 6 French insurance broker SFAM bought 11 percent of French consumer electronics chain FNAC Darty for 335 million euros ($415 million), it said on Tuesday, becoming the second-biggest shareholder after German retailer Ceconomy.
* METRO GROUP ACQUIRES LONDON OFFICE PROPERTY IN UNITED KINGDOM
FRANKFURT, Jan 18 German consumer electronics retailer Ceconomy on Thursday said its operating profit fell 16 percent in the first quarter, citing price reductions around Black Friday and costs to set up its holding company.
FRANKFURT German billionaire Erich Kellerhals, co-founder of electronics retail giant Media Markt and a major shareholder in its current owner Ceconomy CECG.DE>, has died at the age of 78, a spokesman for his holding company Convergenta said on Thursday.
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