Home Business Ceconomy apparently wants to apply for KfW loans

Ceconomy apparently wants to apply for KfW loans

by drbyos
Decline in profit at Ceconomy

The parent company of Saturn and Media Markt wants to apply for aid loans, according to media reports.


(Photo: dpa)

Dusseldorf The parent company of Saturn and Media Markt, Ceconomy apparently wants to apply for aid loans in the amount of two billion euros. The Bloomberg news agency reports with reference to insider sources. Accordingly, the group is currently in talks with the KfW development bank to provide the loans. According to a scenario, KfW could take on up to 80 percent of the outstanding loans. The rest would be taken over by private banks.

.

You may also like

Leave a Comment