Czech billionaire Kretinsky takes control of Fnac Darty

Following Casino, Fnac Darty is also coming under Czech ownership: billionaire Daniel Kretinsky has acquired 69.3% of the shares. This officially gives him control of the French electronics retailer, and his stake could grow even further.

Second round is still to come

Through his investment firm EP Group, Kretinsky had been a shareholder in Fnac Darty for years. At the end of last year, he held approximately 28.5% of the company’s capital. With a public takeover bid, which he announced in late January, he has now added more than 40 percentage points to that stake. The transaction values the French retailer at more than 1 billion euros.