PPF Group and EMMA Capital announce the sale of Eldorado
PPF Group N.V. and EMMA Capital announce that they have sold 100% of the shares of the Eldorado retail chain to a group of Russian investors related to the Safmar financial & investment group. PPF Group has owned Eldorado, one of Russia’s largest electronics retail chains, since 2008; EMMA Capital has owned shares in Eldorado since 2014. Under PPF Group and EMMA Capital’s ownership, the company has been transformed into a multi-channel retailer, offering a wide range of household goods, and one of Russia’s leading online retailers.
The acquisition of the respective rights by Eldorado’s new owners was approved by the Russian Federation’s antitrust authority, FAS. Both parties have agreed that the price of the transaction will not be disclosed.