Czech PPF Paid $250 Million for Remainder of Eldorado Group

PPF Group NV, the Czech private equity company, said it paid $250 million for the share of Russian retailer Eldorado Group that it didn’t already own.

PPF, controlled by Petr Kellner, completed the purchase of Eldorado in September of 2010 after initially buying 50 percent plus one share in 2009, according to a statement posted on its website today.

To contact the reporter on this story: Stephen Bierman in Moscow

To contact the editor responsible for this story: Will Kennedy at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.