Russia's M.video Could Resume Dividends In 2020: President
Russian home appliances retailer M.video has no plans to propose dividends for shareholders until 2020, president Alexander Tynkovan said, as a planned acquisition of MediaMarkt stores pushed back the resumption of payouts.
M.video's main shareholder, Safmar, has agreed to buy German consumer electronics group Ceconomy's Russian business MediaMarkt in a cash-and-share deal and will subsequently sell it on to M.video for $170 million.
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