Reuters logo
BRIEF-Fnac Darty updates on store disposal process initiated in relation to Darty acquisition
September 11, 2017 / 12:15 PM / 12 days ago

BRIEF-Fnac Darty updates on store disposal process initiated in relation to Darty acquisition

Sept 11 (Reuters) - FNAC DARTY SA:

* REG-FNAC DARTY : INFORMATION REGARDING THE STORE DISPOSAL PROCESS INITIATED IN RELATION TO THE DARTY ACQUISITION

* ‍FNAC DARTY WAS REQUIRED TO DISPOSE OF SIX STORES BEFORE JULY 31, 2017​

* ‍TO DATE, THREE STORES HAVE BEEN SOLD TO BUYERS APPROVED BY FRENCH COMPETITION AUTHORITY.​

* ‍AS FAR AS THIRD STORE IS CONCERNED, FNAC DARTY ASKED FOR AN EXTENSION OF DELAY GRANTED TO FULFIL ITS COMMITMENTS, WHICH AUTHORITY REFUSED​

* ‍IN CASE OF 2 OF 3 STORES THAT HAVE NOT YET BEEN SOLD, FNAC DARTY HAS SUBMITTED A BUYER TO FRENCH COMPETITION AUTHORITY, WHO DID NOT APPROVE IT​

* ‍FNAC DARTY IS EXPLORING SEVERAL OPTIONS IN ORDER TO RAPIDLY REACH A SOLUTION.​

* ‍BOARD OF FRENCH COMPETITION AUTHORITY DECIDED TO START PROCEEDINGS TO VERIFY CONDITIONS UNDER WHICH GROUP IS HONOURING ITS COMMITMENTS​ Source text for Eikon: Further company coverage: (Gdynia Newsroom:)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below