Russia's M.video Could Resume Dividends In 2020: President
Published on Jun 20 2018 3:00 PM in Retail tagged: Russia / Ceconomy / M.video
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.
"Efficient expansion"
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