Ceconomy says pleased with portfolio, not in talks on Fnac Darty stake (updated)
17/07/2024 09:57
(Adds details on planned takeover of Unieuro)
By Matthias Inverardi
DUSSELDORF, July 17 (Reuters) - Germany's Ceconomy
CECG.DE is very satisfied with its portfolio, a spokesperson
for the company said on Wednesday, adding that it was not in
talks with Czech investor Daniel Kretinsky on its share in Fnac
Darty FNAC.PA .
"We are continuing to work on our strategy and are very
satisfied with our portfolio," the spokesperson told Reuters.
She declined to comment on how Ceconomy would act in the
case of an Fnac Darty capital increase for a takeover by Italian
electronics retail chain Unieuro UNIR.MI .
Fnac Darty plans to join forces with its major shareholder
Kretinsky to acquire Unieuro in a deal valuing the company at
just under 250 million euros ($273.45 million), according to
slides from an Fnac Darty presentation on Tuesday.
The takeover would take place via a joint investment
vehicle held 51% by Fnac Darty and 49% by Ruby Equity
Investment, an affiliate of Vesa Equity, in which Kretinsky's
company holds a 49% stake.
Fnac Darty already holds 4.4% of Unieuro shares.
Unieuro said on Wednesday that it would examine the
offer.
($1 = 0.9142 euros)
(Reporting by Matthias Inverardi, Writing by Rachel More,
Editing by Miranda Murray)
((rachel.more@thomsonreuters.com;))