PPF Group and Igor Yakovlev executed transaction which led to PPF Group´s full control over Eldorado
PPF Group has already obtained the approval of the relevant Russian regulator, FAS, regarding the acquisition of Eldorado. The price of the recent transaction will not been disclosed.
Both parties expressed their satisfaction with the deal. “The consolidation of ownership in Eldorado has been one of our strategic priorities from the very beginning and today it creates the platform for PPF to be a significant player in the Russian retail market,' says Jiri Smejc, PPF Group´s shareholder.