Ceconomy AG (CEC.XE) said its major holding Media-Saturn is in advanced discussions with Safmar Group regarding a possible sale of its loss-making Russian MediaMarkt business. "Ceconomy's Media-Saturn in Talks to Sell Russian MediaMarkt Business," which ran Thursday at 1651 GMT, misstated the name of the potential buyer in the first paragraph. It is Safmar Group, not SAFMAR Financial Investments.

(END) Dow Jones Newswires

June 15, 2018 04:58 ET (08:58 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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