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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 · 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 (£175 million).

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

   www.theretailbulletin.com › general-merchandise

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   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

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 · 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.

4. greekcitytimes.com › 2023/11/03 › currys-to-sellCurrys to sell Kotsovolos to Power Corporation S.A.

   greekcitytimes.com › 2023/11/03 › currys-to-sell

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   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.

5. www.independent.co.uk › business › currys-strikes-psCurrys strikes £175m deal to sell Greek and Cypriot business

   www.independent.co.uk › business › currys-strikes-ps

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   Nov 3, 2023 · Currys will sell the business, called Kotsovolos, to Greek power generation and supply giant Public Power Corporation (PPC). ... Kotsovolos has 95 stores, including three in Cyprus, and made ...

6. www.cbn.com.cy › article › 2023/11/3UK retailer Currys exits Cyprus and Greece with €200 million ...

   www.cbn.com.cy › article › 2023/11/3

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   Nov 3, 2023 · British electricals retailer Currys will exit Cyprus and Greece after agreeing to sell its Kotsovolos unit to Public Power Corporation for an enterprise value of £175 million ($214 million, €200.74 million), Reuters has reported.

7. People also ask

   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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   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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   What is Kotsovolos famous for?

   • The Kotsovolos company was the first to release state-of-the-art products on the market, such as the first 3D display TV, the first Smart TV, and the first wallpaper TV with a thickness of just 2.75 millimeters. In 2019, the first Samsung Hub in Greece and the fourth in Europe was inaugurated in its stores at “Eleftherios Venizelos” Airport.

   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 exit the Greek market?

   • 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 attract foreign investments.

   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.ekathimerini.com › economy › 1213417Why Currys is selling its Greek arm | eKathimerini.com

   www.ekathimerini.com › economy › 1213417

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   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.