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Announced

Completed

Public Power completed the acquisition of Kotsovolos from Currys for £175m.

Financials

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Transaction Value£175m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA6x
Share Price Premium-
One Off Charge-

Tags

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electronics retailer

Specialty Retailers

Greece

Acquisition

Majority

Private

Domestic

Disposal

Friendly

Single Bidder

Completed

Cyprus

Synopsis

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Public Power, an electric power company in Greece, completed the acquisition of Kotsovolos, a electrical and electronics retailers in Greece, from Currys, an electrical retailer and aftercare service provider operating in the United Kingdom and Ireland, for £175m ($213m). "The sale of Kotsovolos is an excellent outcome for Currys' shareholders. It further strengthens the Group, while we continue to get the Nordics back on track and keep up the UK&I's encouraging momentum. We continue to progress well on both," Alex Baldock, Currys Chief Executive.

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