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    PPF Group agreed acquisition of stake in Eldorado by Emma Capital
    03/14/2014

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    PPF Group and Emma Capital today announce that they have reached an agreement regarding Emma Capital taking a stake in Eldorado, Russia's largest retailer of consumer electronics and household appliances, which is currently fully owned by PPF. Details of the agreement, which are to be announced over the course of the next few months, once details are finalised, include the appointment of an Emma Capital representative to Eldorado management. With this step, Ondrej Frydrych will become the CEO of Eldorado, replacing Igor Dolezel. Ondrej Frydrych was previously a partner with Adastra Business Consulting, which counted the portfolio companies of PPF Group amongst its clients.

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