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1. www.currysplc.com › news-media › press-releasesCompletion of Kotsovolos Disposal - Currys PLC

   www.currysplc.com › news-media › press-releases

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   Apr 10, 2024 · Currys plc (Currys) is pleased to announce that it has completed the sale of Dixons South East Europe A.E.V.E., the holding company of Currys' entire Greece and Cyprus retail business, trading as Kotsovolos, to Public Power Corporation S.A. for an enterprise value of €200 million (£175 million).

2. www.reuters.com › markets › dealsUK retailer Currys exits Greece with $214 mln Kotsovolos sale

   www.reuters.com › markets › deals

   Nov 3, 2023 · British electricals retailer Currys said it will exit Greece after agreeing to sell its Kotsovolos unit to Greek power utility Public Power Corporation for an enterprise value of 175 million...

3. greekreporter.com › 2023/11/03 › ppc-buys-kotsovolosPower Corporation Buys Kotsovolos After UK Retailer Currys ...

   greekreporter.com › 2023/11/03 › ppc-buys-kotsovolos

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   Nov 3, 2023 · The Public Power Corporation (PPC) in Greece announced on Friday an agreement with UK retailer Currys for the acquisition of Kotsovolos, one of the biggest electronics retail companies in the country.

4. greekcitytimes.com › 2024/03/08 › currys-gets-greekTakeover target Currys says Greek disposal will complete in April

   greekcitytimes.com › 2024/03/08 › currys-gets-greek

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   Mar 8, 2024 · London-based consumer electronics retailer Currys is looking to complete the disposal for the holding company of Currys’ entire Greece and Cyprus retail business, trading as Kotsovolos. The deal is worth around EUR200 million in enterprise value, adjusted to include lease liabilities of EUR97 million.

5. www.retail-week.com › electricals › currys-completesCurrys completes sale of its Greek business Kotsovolos ...

   www.retail-week.com › electricals › currys-completes

   Mar 8, 2024 · Currys has sold its Greek business Kotsovolos. In a statement to the London Stock Exchange, Currys said PPC has received “unconditional approval” from the Hellenic Competition Commission for the purchase of Dixons South East Europe, the holding company of Kotsovolos. The deal is valued at €200m (£175m), adjusted to include lease ...

6. www.thisismoney.co.uk › money › marketsCurrys to offload Greek retail arm after strategic review

   www.thisismoney.co.uk › money › markets

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   Nov 3, 2023 · Currys has agreed to sell Kotsovlos to Public Power Corporation for £175m; Founded in 1950, Kotsovolos operates 95 stores across Greece and Cyprus

7. People also ask

   Why did Currys sell Kotsovolos?

   • It has now agreed to sell the division to Public Power Corporation for €200million (£175million), with proceeds in the short term going towards paying down debts. Disposal: Currys has struck a deal to sell its Kotsovolos retail business to the largest power generation company in Greece for €200million (£175million)

   Currys to offload Greek retail arm after strategic review

   www.thisismoney.co.uk/money/markets/article-12705925/Currys-offload-Greek-retail-strategic-review.html

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   Who bought Kotsovolos?

   • The Public Power Corporation (PPC) in Greece announced on Friday an agreement with UK retailer Currys for the acquisition of Kotsovolos.

   Power Corporation Buys Kotsovolos After UK Retailer Currys Exits Greece

   greekreporter.com/2023/11/03/ppc-buys-kotsovolos-uk-retailer-currys-exits-greece/

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   How many Kotsovolos stores are there in Greece?

   • Kotsovolos has 95 stores in Greece and Cyprus, 27 of which are megastores. Credit: MariaMvrd, CC BY-SA 4.0 /Wikipedia The Public Power Corporation (PPC) in Greece announced on Friday an agreement with UK retailer Currys for the acquisition of Kotsovolos, one of the biggest electronics retail companies in the country.

   Power Corporation Buys Kotsovolos After UK Retailer Currys Exits Greece

   greekreporter.com/2023/11/03/ppc-buys-kotsovolos-uk-retailer-currys-exits-greece/

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   Why did Currys leave Greece?

   • REUTERS/Peter Nicholls/File Photo Purchase Licensing Rights LONDON, Nov 3 (Reuters) - British electricals retailer Currys (CURY.L) said it will exit Greece after agreeing to sell its Kotsovolos unit to Greek power utility Public Power Corporation (DEHr.AT) for an enterprise value of 175 million pounds ($214 million).

   UK retailer Currys exits Greece with $214 mln Kotsovolos sale

   www.reuters.com/markets/deals/uk-retailer-currys-exit-greece-with-214-mln-kotsovolos-sale-2023-11-03/

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   Is Kotsovolos a good business?

   • Kotsovolos is a fine business that we’ve been proud to own. I’d like to thank every one of our Greek colleagues for everything they’ve done, and wish them every future success."

   Completion of Kotsovolos disposal | Currys PLC

   www.currysplc.com/news-media/press-releases/2024/completion-of-kotsovolos-disposal/

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   Why did PPC buy Kotsovolos?

   • In an announcement, it said: “The agreement for the acquisition of Kotsovolos is for PPC a strategic transformation move, in a market that is changing globally, as the era of energy transition and new electrification creates a whole new world of solutions for households and businesses.

   Power Corporation Buys Kotsovolos After UK Retailer Currys Exits Greece

   greekreporter.com/2023/11/03/ppc-buys-kotsovolos-uk-retailer-currys-exits-greece/

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8. www.theretailbulletin.com › general-merchandiseCurrys to sell Kotsovolos | Retail Bulletin

   www.theretailbulletin.com › general-merchandise

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   Nov 3, 2023 · The sale of Dixons South East Europe, which trades as Kotsovolos, will enable Currys to simplify its group structure, strengthen its balance sheet, and focus more on its larger markets of the UK, Ireland and the Nordics.