Fnac sees many advantages to Darty acquisition

Fnac sees many advantages to Darty acquisition

French multimedia chain Fnac thinks the acquisition of its competitor Darty will create at least 85 million euros' worth of synergy. The company placed a bit on Darty last month.

Convinced two major shareholders

Fnac says its bid has been accepted by Knight Vinke Asset Management and DNCA Finance, who together own 23.63 % of all Darty shares. If the acquisition is approved, the newly-formed company will become France's largest electronics company.

 

Last month, Fnac offered some 720 million euro for Darty, 25 % above its share price at the time. The number of Fnac stores in France would triple instantly while its turnover would also double.

 

Darty, originally a French company but with its main office currently in the United Kingdom, still has most of its stores in France, while it also owns BCC in the Netherlands and Vanden Borre in Belgium.

Questions or comments? Please feel free to contact the editors


Pieter Haas, CEO Ceconomy: "We sell the consumer a digital life"

03/11/2017

MediaMarkt’s parent company, Ceconomy, has the key to consolidate the European electronics industry even more. The retailer will sell services and solutions: “We help people make the right decisions.”

Ceconomy continues growth in transitional year

26/10/2017

Ceconomy, a former part of German Metro Group, achieved a 4.6 % fourth quarter turnover increase to 5.264 billion euro. Media Market’s parent company mainly made strides online.

Fnac Darty grew 6 % in third quarter

20/10/2017

Fnac Darty has raised its third quarter turnover by 6 % to 1.792 billion euro, with growth in the Benelux as well. The company also revealed the integration of both companies is ahead of schedule.

Samsung CEO resigns despite record profit

13/10/2017

South Korean Samsung has managed a record profit in its past quarter thanks to strong chip sales. However, one of its three CEO’s still decided to resign.

Fnac-Darty introduces new board

12/10/2017

A little more than a year after Fnac and Darty merged and several months after CEO Alexandre Bompard suddenly moved to Carrefour, the French entertainment and electronics group Fnac-Darty introduced its new board.

Twelfth straight quarter of weaker computer sales

12/10/2017

Desktop computer sales have slumped once more in the third quarter, down 3.6 %. It is the third straight year of dwindling sales, according to research firm Gartner.

Back to top