The largest Russian retailer of household appliances and electronics “M.Video” has completed the transaction on the purchase of the” Eldorado” chain for 45.5 billion roubles, as the website of the trading chain said.
The retailer bought 100 percent of Eldorado at its own expense, and attracted a loan from VTB. It is specified that the process of legal merger of the companies will be completed by the end of the first quarter of 2019. Both brands will be preserved.
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Author: Anna Dorozhkina