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Apr 10, 2024 · 10 April 2024. We help everyone enjoy amazing technology. 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 (£ ...
Nov 3, 2023 · Currys is to sell its entire business in Greece and Cyprus to Public Power Corporation for £175 million. The move follows a strategic review of the business earlier this year. 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
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. The transaction at 175 million pounds ($214 million) means that Currys exits the Greek market in a blow to the efforts of the Greek government to ...
Jun 17, 2023 · The reason Currys decided to put Kotsovolos up for sale is that its Greek arm has been its best silverware for several years, as it not only maintained but also strengthened its commanding position in the market. The revenues of Kotsovolos constitute approximately 20% of the total revenues of the British group. “Currently, Currys is seeking ...
Nov 3, 2023 · Currys plc (LON:CURY) has announced that it has entered into an agreement for 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) on a debt free, cash free basis and excluding lease liabilities.
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 ...
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Nov 3, 2023 · Alex Baldock, Currys chief executive said: “This proposed sale of Kotsovolos is an excellent outcome for Currys and for our shareholders. “It recognises Kotsovolos’s value and accelerates ...
