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1. • • The group said the disposal will simplify its structure enabling it to focus on its larger markets of the UK and Ireland and Nordics. It will also strengthen its balance sheet, increase flexibility to invest and grow the business, and improve shareholder returns.
     www.cbn.com.cy/article/2023/11/3/740946/uk-retailer-currys-exits-cyprus-and-greece-with-eur200-million-kotsovolos-sale/

     UK retailer Currys exits Cyprus and Greece with €200 million ...

2. 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 · On Friday, British group Currys (formerly Dixons), which owns Kotsovolos, announced it is considering selling the Greek chain, with the timetable, Kathimerini understands, providing for procedures to be completed by end-2023.

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

   www.reuters.com › markets › deals

   Nov 3, 2023 · 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...

5. 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 · 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 Greek power...

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 · 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).

7. www.retail-week.com › electricals › currys-to-sellCurrys enters deal to sell Greek business Kotsovolos for £175m

   www.retail-week.com › electricals › currys-to-sell

   Nov 3, 2023 · Currys has entered an agreement to sell its Greek business, Kotsovolos, to Greek electricity supplier Public Power Corporation (PPC) as it aims to strengthen its balance sheet and focus on the UK, Ireland and Nordic markets.

8. 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 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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   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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   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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   Why did Currys stock fall?

   • Revenue fell more steeply in the Nordics region, where profits have been dented by inflationary pressures and lower orders for electrical products amidst significant discounting by competitors. Currys shares were 3.4 per cent higher at 47.5p on Friday morning, although they have still fallen by approximately 16 per cent since the year began.

   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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   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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9. 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 to offload Greek retail arm after strategic review. Currys has agreed to sell Kotsovlos to Public Power Corporation for £175m. Founded in 1950, Kotsovolos operates 95 stores across...