Brief: Pepco Group Completes Sale Of Poundland To Gordon Brothers

Pepco NV

12/06/2025 07:40

June 12 (Reuters) - Pepco Group NV PCOP.WA:

SALE OF POUNDLAND TO GORDON BROTHERS COMPLETED

TRANSACTION ENABLES GROUP TO FOCUS ON HIGHER GROWTH AND HIGHER MARGIN PEPCO BUSINESS

THE SHARES IN POUNDLAND HAVE BEEN SOLD TO GORDON BROTHERS FOR NOMINAL CONSIDERATION, WITH PEPCO'S SECURED LOAN OF £30M AND CERTAIN UNSECURED LOANS REMAINING IN PLACE BETWEEN PEPCO GROUP AND POUNDLAND

TRANSACTION IS CONSISTENT WITH GROUP’S AMBITION TO OPERATE UNDER SINGLE PEPCO FORMAT, ORIENTED AROUND HIGHER MARGIN PEPCO CLOTHING AND GENERAL MERCHANDISE RANGES

AS PART OF THE TRANSACTION, GORDON BROTHERS, PEPCO GROUP AND POUNDLAND HAVE AGREED TO PUT FORWARD A  RESTRUCTURING PLAN

PEPCO GROUP EXPECTS TO OBTAIN  MINORITY INVESTMENT INTEREST IN POUNDLAND, SUBJECT TO  PROPOSED RESTRUCTURING OF POUNDLAND

Source text: ID:nEMbdf9b4a

Further company coverage: PCOP.WA

 (Gdansk Newsroom)

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