Pepco-backed Poundland to acquire 71 stores from Wilko.

Transaction Tags

• retail stores
• Diversified Retailers
• United Kingdom
• Majority
• Pending
• Acquisition
• Domestic
• Infrastructure
• Private
• Friendly
• Single Bidder

Synopsis

Pepco-backed Poundland, a retail company, agreed to acquire 71 stores from Wilko, a retail chain which sells homewares and household goods. Financial terms were not disclosed. “The agreement to assign a number of Wilko store leases to Pepco will help to bring Poundland’s value and wide offer to even more customers in the UK. It will be pleasing to offer employment to a number of Wilko’s colleagues - who will benefit from being part of a successful and fast-growing pan-European variety discount group," Andy Bond, Pepco Executive Chairman.

Sources