Print N. V. PPF Group and EMMA Capital has completed the sale of 100% stake in the network “Eldorado” to investors related to financial group Safmar, according to “Eldorado”. “Since 2008, one of the largest Russian retailers belonged to PPF Group N. V. EMMA Capital acquired share in “Eldorado” in 2014, during this time, the company adhered to the development strategy of multi and multicategories, offering a wide range of products from appliances and electronics to home goods,” notes “Eldorado”.
the Deal to sell the network “Eldorado” approved by the FAS. Both sides agreed not to disclose terms of the transaction.
“the Transaction was realized in accordance with the development plan “Eldorado”, while according to the agreement of top-management and leadership will continue to work in the company. Business figures for the first nine months of 2016, prove the correctness of the chosen direction, which in the short term will remain unchanged, in order to strengthen the leadership position of the retailer in the market”, – said the General Director of the company “Eldorado” Michael Nikitin.
“the company’s geographic presence covers more than 200 cities and employs more than 600 stores in different regions of the Russian Federation. Along with this Eldorado is actively developing transnational franchising in several countries: Kyrgyzstan, Moldova, Armenia, Kazakhstan,” – says “Eldorado”.
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