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The 15% share in #Mvideo will be valued at EUR 258 mln. Media Markt looked into the possibility of leaving the Russian market completely, but the transaction with #Safmar seemed a more attractive option.
#Mvideo, selling electronic equipment and household appliances, is to acquire #Eldorado retail chain. Both companies have the same shareholder #Safmar Group owned by Mikhail #Gutseriev’s family, that will receive up to RUB45.5bn from the deal.