Fnac Darty offers to buy Italy's Unieuro for around $270 mln (updated)
16/07/2024 17:43
(Adds details from statement)
July 16 (Reuters) - French retailer Fnac Darty FNAC.PA
on Tuesday offered to buy Italy's Unieuro UNIR.MI for around
249 million euros ($271 million) to create a market leader in
consumer electronics and domestic appliances in southern and
western Europe.
Fnac Darty said that, together with Ruby Equity Investment,
it intended to offer 12 euros per share in cash and shares for
the Italian consumer electronics distributor.
Unieuro, whose shares closed at 8.24 euros on Tuesday, was
not immediately available for comment.
Fnac Darty said the merged company would aim for over 10
billion euros in annual sales, and have around 30,000 employees
as well as more than 1,500 stores.
It said it expected the deal to close in the fourth quarter.
($1 = 0.9189 euros)
(Reporting by Olivier Sorgho; Editing by Alison Williams and
Mark Potter)
((Olivier.Sorgho@thomsonreuters.com;))