MediaMarktSaturn divests its Swedish business to Power Retail Sweden
MediaMarktSaturn and the Nordic electronic retailer Power International AS has entered into an agreement regarding the divestment of MediaMarktSaturn’s Swedish business.
Power’s wholly owned subsidiary Power Retail Sweden will acquire 100 percent of the shares in MediaMarkt Sweden, which holds 29 stores and employs about 1,300 employees. In return, MediaMarktSaturn receives a minority stake of 20 percent in Power Retail Sweden.
Mannheimer Swartling advised MediaMarktSaturn in the transaction.
