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Germany's new electronics king has Amazon in his sights
Ceconomy's CEO Pieter Haas says the firm holds the top position in nine of its 15 nations and is eyeing expansion
Add BT as a preferred sourcePublished Thu, Jul 13, 2017 · 09:50 PM
Frankfurt
THE creation of Europe's largest free-standing consumer electronics retailer is set to prompt a wave of mergers and acquisitions as the company seeks to keep Amazon.com Inc at bay.
The parent of Germany's MediaMarkt and Saturn, which began trading on Thursday under a separate listing from former parent Metro AG, is vowing to play a proactive role in cementing the company's No 1 position in a European business roiled by the rise of e-commerce.
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