Home Business Corona crisis: Ceconomy wants to apply for KfW loans

Corona crisis: Ceconomy 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 troubled electronics trading holding Ceconomy and mother of Media Markt and Saturn is seeking help from the state in the face of the burden of the corona crisis. The company announced on Saturday that the group had decided to apply for KfW funding. Ceconomy did not disclose the amount.

According to an insider, it is about two billion euros. The Bloomberg news agency had previously reported this. The stores of Media Markt and Saturn are closed due to the corona crisis in Germany and other European countries.

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