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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.
Nov 3, 2023 · Shares in Currys were up 5.4% in morning trading Friday, paring losses over the last year to 24.3%, after it said it will use the proceeds, expected to be about 156 million pounds after costs, to ...
Nov 3, 2023 · Currys strikes £175m deal to sell Greek and Cypriot business The division was put up for review in June as part of the firm’s plan to focus solely on its UK and Ireland and Nordics businesses.
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.
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.
Nov 3, 2023 · 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 £175m.
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Nov 3, 2023 · Currys is selling its Greek business, Kotsovolos, for £175m The deal is valued at €200m (£175m) on a debt-free, cash-free basis, excluding lease liabilities, and is expected to be completed by the first quarter of 2024.
