Olympia Group in Strategic Deal with Media-Saturn Holding Gmbh in Greece
Olympia Group SA on Tuesday announced a strategic deal with Media-Saturn-Holding GmbH to create a dynamic new retail company in Greece. In an announcement, Olympia Group SA, shareholders of Public stores in Greece and Cyprus, and Media-Saturn-Holding GmbH (MSH), shareholders of MediaMarkt stores in Greece, have entered into a strategic deal in order to create a dynamic new retail company. This landmark deal in the consumer electronics market will constitute a unique proposition for consumers as well as suppliers, offering the widest range of products and services in these categories. Taking advantage of the complementarity of the portfolios of the two brands will not only create an integrated product portfolio on the market but will also offer a variety of options and advanced services, capable of meeting any consumer need, Olympia said.