Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Russian Retailer Seeks Approval to Buy Rival Eldorado, the largest electronics retailer in Russia, sought antitrust approval to buy competitor Eldorado from Czech billionaire Petr Kellner’s PPF Group.

A request was made to the Federal Anti-Monopoly Service, or FAS, Dmitry Tarasov, a spokesman for the regulator, said today by phone. PPF spokesman Radek Stavel declined to comment. Kommersant daily reported the planned deal earlier today.

“ management is focused on increasing the company’s value for shareholders, while market consolidation is one of the options for growth,” Anton Panteleev, a spokesman for, said by phone, declining to comment on Eldorado.

A combination of and Eldorado would create a business with more than 20 percent of Russia’s electronics retailing market and net sales in excess of $7 billion, said Artur Galimov, an analyst of Sberbank Investment Research.

PPF valued Eldorado at 600 million euros ($782 million), according to a presentation in July last year. is worth about $1.4 billion, based on Moscow trading. had net sales of 134 billion rubles ($4.3 billion) last year, while Moscow-based Eldorado’s revenue excluding value-added tax was 95 billion rubles, company documents show. has about 300 stores, while Eldorado has more than 400.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.