Bloomberg News

Czech PPF Paid $250 Million for Remainder of Eldorado Group

October 31, 2011

Oct. 31 (Bloomberg) -- 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.

--Editor: Ross Larsen.

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.


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