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2 Min Read FRANKFURT (Reuters) - German consumer electronics group Ceconomy on Monday struck a deal to take full control of subsidiary Media-Saturn, resolving a long-running dispute with the family of late co-founder Erich Kellerhals. FILE PHOTO: The logo of Ceconomy AG, Europe s largest consumer electronics retailer is pictured at the company s general shareholders meeting in Duesseldorf, Germany, February 12, 2020. REUTERS/Wolfgang Rattay Ceconomy is to acquire a 21.62% stake in the subsidiary from the Kellerhals family’s vehicle Convergenta for a total of about 815 million euros ($990 million) in Ceconomy shares, convertible bonds and cash. As a result, Convergenta will become an anchor shareholder of Ceconomy with a stake of 25.9% stake, which could be increased further via conversion of the new convertible bonds. Convergenta’s intention is to be a long-term shareholder with a stake of up to 29.9%, the company said.

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