After years of between, the electronics handler Ceconomy has agreed with the Kellerhal family about its share of the Media-Saturn Holding. Ceconomy will take the involvement of 21.62 percent held by the family holding convergenta, Ceconomy shared on Monday evening in Dusseldorf. In return Convergenta will receive up to 29.99 percent of Ceconomy and becomes its largest shareholder. The two most important businesses of Ceconomy are the two electronic chains Media Market and Saturn.
The ratio between Ceconomy and the Meanwhile Deceased Media Market Coarse Erich Kellerhal was always represented by disputes around the supremacy and direction at Media-Saturn. These ranges in the time far prior to the cleavage of Ceconomy by the trading company METRO in 2017 and were partially held in court. "With this agreement we left the time of past conflicts behind us and found a good solution in the sense of all involved", Commented Ceconomy Chef Bernd Duttmann.
New consolidated structure
With the reorganization of the shareholder structure, Ceconomy wants to simplify the complicated structure of the Group. Media Market Saturn Become a 100 percent daughter of Ceconomy. Ceconomy hopes a smaller complexity and improvement of the processes. In particular, the transaction will make Ceconomy tax loss due to Ceconomy, which depend on around 1.2 billion euros of corporation and trade tax, shared the company with.
The completion of the transaction should be at the end of Marz 2021. The Annual General Meeting must agree with the deal. It is for the 17. February scheduled. The current main shareholders had already signaled their consent to the transaction individually against the Management Board. Lastly, the Haniel family with nearly 23 percent, the Meridian Foundation of the Metro-Counselor Schmidt-Ruthenbeck (14.2 percent), which BeiSheim Holding (6.6 percent) and the telecommunications company Freenet (6.6 percent) and the telecommunications company Freenet (6.6 percent) and the telecommunications company Freenet (6.6 percent) and the telecommunications company Freenet (6.6 percent) and the telecommunications company Freenet (6.6 percent) and the telecommunications company Freenet (9.1 percent) and the telecommunications company Freenet (9.1 percent) and the telecommunications company Freenet (9.1 percent) and the telecommunications company Freenet (9.1 percent),.
Jurgen Kellerhal spoke of "Constructive talks" Convergenta is looking forward to becoming anker action of the company. "We strive to demand the transformation of the company via a participation in the Supervisory Board in the medium term and to accompany its sustainable development", he explained.