Fnac Darty: European Commission Clears Czech Billionaire Daniel Kretinsky's OPA
21 Articles
21 Articles
The European Commission has given its unconditional agreement to the proposed public offer to buy the Czech billionaire on the distribution group.
EP Group, of the Czech multimillionaire Daniel Kretinsky, can advance with the acquisition of the French group FNAC Darty because the operation has "limited impact on competition in the markets in which the companies operate", considers the European Commission
There is nothing stopping Czech billionaire Daniel Křetínský's EP Group (EPG) from becoming the majority owner of French electronics retailer Fnac Darty. The acquisition was approved earlier this week by the European Commission, which acts as the EU's antitrust authority.
The European Commission has authorised Daniel Kretinsky's OPA on Fnac Darty, lifting the last regulatory obstacle to the operation. Already the first shareholder with 28.5% of the capital, the Czech billionaire now targets the majority, with an expected closure in early November.
Europe gives the green light to Daniel Kretinsky's takeover bid for Fnac Darty - RetailDetail EU
The European Commission has approved Czech billionaire Daniel Kretinsky's public takeover bid for Fnac Darty. This clears the way for his plan to acquire a majority stake in the French retailer.
(Il Sole 24 Ore Radiocor) - Green light from the European Commission to the public offer of purchase launched in January by the Czech billionaire Daniel...
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