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United Kingdom : Sale of shareholding in Datart Investments SA.

August 9, 2014

Darty plc, a leading multi-channel electrical retailer, today announces that it has completed an agreement to sell its 60% shareholding in Datart International SA to SEW 1001 a,s in a deal valued at Euro 5 million.

RÉgis Schultz, Chief Executive of Darty, said: Having concluded as part of our strategic review that Datart was a non-core business, I am pleased that we have found a satisfactory solution for our shareholding in Datart and to have completed the process of focusing Darty on our core businesses.

Darty group is a leading multi-channel service led electrical retailer operating over 380 stores in five European countries and achieving over 13 per cent of its product sales on the web. It generated an annual turnover of over 3.5 billion in 2013/14 through operations in Darty France, Vanden Borre in Belgium, BCC in the Netherlands and Datart in the Czech Republic and Slovakia. Its ordinary shares are listed with the UK Listing Authority and trade on the market for listed securities on the London Stock Exchange under the symbol DRTY.L. It is also listed on the NYSE Euronext Paris.

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Source: TendersInfo (India)

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