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1. 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. “Currently, Currys is seeking ...

2. 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. According to the press agency's report, Currys, whose shares have fallen 29% over the last year, said it will use ...

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. 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 ...

4. www.standard.co.uk › business › business-newsCurrys strikes £175m deal to sell Greek and Cypriot business

   www.standard.co.uk › business › business-news

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   Nov 3, 2023 · Read our privacy notice. Electronics retailer Currys has agreed a deal to sell its Greek and Cypriot arm for 200 million euros (£175 million). Currys will sell the business, called Kotsovolos, to ...

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

   www.reuters.com › markets › deals

   Nov 3, 2023 · Currys shares up 5.4%. 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 ...

6. 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 · 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 (£ ...

7. People also ask

   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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   Why did Currys lose so much money?

   • The retailer was hit by disruption in its stores across the Nordic countries last year, leading to losses. Low demand left its competitors with excess stock, leading rival stores to slash prices while Currys kept its prices the same, meaning it made virtually no money across the region.

   Currys strikes £175m deal to sell Greek and Cypriot business

   www.standard.co.uk/business/business-news/currys-strikes-ps175m-deal-to-sell-greek-and-cypriot-business-b1117894.html

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   Will Currys sell Kotsovolos to PPC?

   • Currys will sell the business, called Kotsovolos, to Greek power generation and supply giant Public Power Corporation (PPC). The division was put up for review in June as part of Currys’s plan to focus solely on its larger UK and Ireland and Nordics businesses, with aims to turnaround the loss-making Nordic arm.

   Currys strikes £175m deal to sell Greek and Cypriot business

   www.standard.co.uk/business/business-news/currys-strikes-ps175m-deal-to-sell-greek-and-cypriot-business-b1117894.html

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   What's going on with Currys?

   • The division was put up for review in June as part of Currys’s plan to focus solely on its larger UK and Ireland and Nordics businesses, with aims to turnaround the loss-making Nordic arm. The deal is expected to complete in the first quarter of 2024.

   Currys strikes £175m deal to sell Greek and Cypriot business

   www.standard.co.uk/business/business-news/currys-strikes-ps175m-deal-to-sell-greek-and-cypriot-business-b1117894.html

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   How much cash did Currys receive?

   • As anticipated, the cash proceeds received by Currys were £156 million (€179 million) after taking into account transaction and separation costs, intercompany balances and cash in the business.

   Completion of Kotsovolos disposal | Currys PLC

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

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   Is Currys reviving sales in the Nordics?

   • Currys is focusing its efforts on its UK and Ireland business, where trading has been reasonably solid, and on reviving sales at the Nordics chain, where it has been struggling for a while. Sales in the Nordics fell 8% in the 17 weeks to the end of August.

   Currys strikes £175m deal to sell Greek and Cypriot business

   www.standard.co.uk/business/business-news/currys-strikes-ps175m-deal-to-sell-greek-and-cypriot-business-b1117894.html

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8. www.yorkshirepost.co.uk › business › currys-strikesCurrys strikes £175m deal to sell Greek and Cypriot business

   www.yorkshirepost.co.uk › business › currys-strikes

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   Nov 3, 2023 · Electronics retailer Currys has agreed a deal to sell its Greek and Cypriot arm for 200 million euros (£175m). By Greg Wright. Deputy Business Editor. Published 3rd Nov 2023, 08:25 GMT.