A network of salons of cellular communication “Euroset” and the related brand may cease to exist next year. According to several sources, “Vympelcom” already sent “MegaFon” (both own 50% of the company) a proposal is the responsibility of the retailer. A stumbling block when signing the contract may be the division of debt between shareholders. In the company reports of its impending liquidation called “nonsense”.

“Vympelcom” already sent “to the Megaphone” the proposal to sign documents on the topic of “Euroset” to 24 December 2016, told “Vedomosti” close to the retailer. The decision to divide the company can be made before the end of 2016, told the edition a source familiar with the top managers of the shareholders.

According to them, it is proposed to separate salons and debts (one of the officials said about 15 billion rubles) between operators and to eliminate the brand “Euroset” in a year. According to one source, already have a diagram of what beauty is depart “Vympelcom” “the Megaphone”.

However, close to the retailer the person notes that while this is only the initiative “Vympelcom” talk, and in this form the proposition “the Megaphone” will not accept. In particular, will have to change the division of debts between the shareholders, suggests the source. President “Euroset” Alexander Malis told “Vedomosti” that the agreement of shareholders on the division retailer is not achieved.

In addition, MegaFon would like to keep the brand “Euroset”, said earlier a person close to the partner “Vympelcom”. For that he will need to assume the entire debt of the company, considers a familiar top managers of the shareholders of the retailer. According to him, MegaFon has already paid for half of “Euroset” is much more than it costs now, and to assume new obligations the owner operator does not want to.

Shareholders of “Euroset” thinking about the division of the company back in the spring of 2016. The initiator then and now were made by VimpelCom, said close to the retailer. Are various reasons for this decision: according to one version, conditionally independent, the network has lost its meaning because the operators believe more efficient single-brand retail; according to another, the business of “Euroset” came into conflict with the objectives of the operators, as the main earnings of the company give telephone numbers, and the task of the operators ‘ contracts with subscribers.

The head of “Euroset” called delusions of notice of liquidation of company

President “Euroset” Alexander Malis, the radio station “Moscow speaking” called the publication “Vedomosti” that the company can cease to exist in 2017, unreliable. “I can say that “statements” can also cease to exist next year, and planet Earth may cease to exist next year. We are working and going to work despite this nonsense we read in the press”, – said the head of the retailer.

In September 2008 Alexander Mamut became the owner of “Euroset”, buying the company Evgeny Chichvarkin and its partner Timur Artemyev. In the same year VimpelCom bought Mamut 49.9% of “Euroset” for 226 million dollars. In December 2012, Mamut sold the remaining shares for up to 1.07 billion dollars: 0.1% is bought “Vympelcom” 25% – “Megaphone” and Alisher Usmanov’s Garsdale with partners. Share Garsdale moved “to the Megaphone” in July 2014.

According to “SPARK-Interfax” referenced by “Vedomosti”, the company “Euroset-retail”, which manages a network of salons of “Euroset” in 2015 achieved a net profit of 1.48 billion rubles, the revenue of the retailer in 2015 amounted to 58.3 billion rubles, which is 20.7% less than in 2014, because of the decision not to sell the device Samsung.



The decision to divide “Euroset” and subsequent liquidation of the brand can take before year-end 30.11.2016

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