Wednesday, December 14, 2016

Group Gutseriev and shishkhanova agreed to buy M. Video – RBC

Photo: Grigory Sysoev/TASS

Businessman Mikhail Gutseriyev agreed to buy. According to the statement of shareholder “M. Video” it is ready to purchase 100% of the shares of the retailer. The transaction amount will be $ 1.26 billion.

Financial group Safmar family Gutseriev and Mikhail Shishkhanov acquire 100% of the shares of the investment company, owned by Oleksandr Tynkovan and its partners, which in turn owns 57.7% of shares of PJSC “M. Video”, said the report shareholder of the retailer. It also notes that the group Safmar will offer to the minority shareholders M. Video to acquire their shares at the price of the underlying transaction.

In accordance with the contract price of $ 7 per share “M. Video”, the report indicates. Given that the total share capital of “M. Video” is divided into 180 million of securities, the surrender value of the company would amount to $ 1.26 billion.

the value of the shares of “M. Video” after the announcement of the transaction on the Moscow stock exchange grew by 12:07 GMT by 10.67% to 406,5 RUB over the paper (the maximum value of transactions to this point have reached 414 RUB per share).

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Application for approval of the transaction sent today to the FAS, told RBC Alexander Tynkovan. He is not aware of the plans of the group Safmar about further consolidation of assets in the field of electronics, since the issue “will be addressed by a new shareholder” after the deal is closed. The completion of the redemption process should take place next year. After the sale, Mr. Tynkovan and other shareholders “M. Video” will remain part of the management (Board of Directors) and will continue to be engaged in network development and new projects. Where shareholders plan to direct proceeds from the transaction, the amount Tynkovan did not disclose.

RBC Sources close to the parties to the transaction, suggesting that FAS may approve it with restrictions: “the combined share of the three retailers, who are now in the perimeter of the Safmar, already exceeds 30%”.

that “Safmar” in talks with “M. Video”, RBC reported last week, but the shareholders are then denied the fact of negotiations.

“M. Video” is one of the most prominent companies in the industry, and we see it as the basis on which the group Safmar will develop its business in the sector of non-food retail”, is given in the message words of Mikhail Gutseriev.

Earlier, in December, it became known that a group of investors associated with the financial group Safmar family Gutseriev — Shishanov, closed the deal to acquire network electronics and home goods “Eldorado” structures Czech PPF Group N. V. and EMMA Capital. Fall under the control of the structures close to Gutseriev and Shishkhanov, moved “Technosila”.

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