Brief: Fnac Darty Intends To Buy Unieuro

Unieuro SpA

16/07/2024 17:05

July 16 (Reuters) - Fnac Darty SA  FNAC.PA :
    * FNAC DARTY: ENVISAGED ACQUISITION OF UNIEURO
    * 2024 OUTLOOK CONFIRMED
    * OFFER CONSIDERATION INCLUDES EUR 9.0 IN CASH AND 0.10 FNAC
DARTY
SHARE
    * VALUING UNIEURO AT EUR 12.0 PER SHARE4
    * EPS ACCRETION ABOVE 10% FROM 2025, INCLUDING SYNERGIES
    * CREATION OF A GROUP WITH OVER EUR 10 BILLION IN REVENUE
AND
NEARLY 30,000 EMPLOYEES
    * PROJECTED SYNERGIES OF OVER EUR 20 MILLION
    * CLOSING EXPECTED IN Q4 2024
    * H1 2024 REVENUE OF EUR 3,390 MILLION, UP +1.4% ON A
REPORTED
DATA BASIS
    * ACQUISITION CLOSING EXPECTED IN Q4 2024
    * STABLE CURRENT OPERATING INCOME IN H1

Source text for Eikon:  ID:nGNE2rsCNl 
Further company coverage:  FNAC.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))