Fnac Darty to acquire the remaining 95.6% stake in Unieuro for €249m.

Fnac Darty, an entertainment and leisure products retailer, agreed to acquire the remaining 95.6% stake in Unieuro, a retailer of consumer electronics and household appliances, for €249m ($272m). "This project is a unique opportunity for Fnac Darty to continue its long-term ambition to consolidate its markets and strengthen its business model at the European level. Our geographical presence would be significantly expanded, and we would support Unieuro in continuing its digitalization and transformation towards more services, in line with our Everyday strategic plan. Ultimately, this project enables us to pursue our collective ambition: to be the essential ally for European consumers, supporting them in sustainable consumption. In a challenging context for our sector, Fnac Darty has also achieved stable results, allowing us to confirm our annual guidance and approach the second half of the year with confidence and determination," Enrique Martinez, Fnac Darty CEO.