Kotsovolos SA & DSG International PLC | Update Date: 01/04/09 |
| Date Announced: 11/25/08 |
Value (million $USD): 36.4 million U.S. Dollar 28.1 million EURO |
|
| Status: Pending | |
| TRANSACTION DETAILS |
| Date Announced | 11/25/08 | | |
| Date Originally Announced | 11/25/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | n/a |
| Value | 36.4 million U.S. Dollar 28.1 million EURO | Advisor Fees | n/a |
| SYNOPSIS |
| GREECE - DSG International PLC of the UK, planned to raise its stake to 99% interest from 89%, by acquiring a 10% stake, in Kotsovolos SA, an Athens-based manufacturer, wholesaler and retailer of electrical appliances and electronic equipment, for 28.1 mil euros (23.978 mil British pounds/$36.394 mil US) in cash. |
| TARGET |
| Name | Kotsovolos SA |
| Industries | Electrical appliances, television and radio sets; Electronic parts and equipment, nec; Household appliance stores; Radio, television, and consumer electronics stores |
| City | Athens |
| State | n/a |
| Nation | Greece |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Kotsovolos SA, located in Athens, Greece, manufactures, wholesales and retails electrical appliances and electronic equipment. |
| Advisors | NULL |
| Target Sales | n/a |
|
| ACQUIROR |
| Name | DSG International PLC (London : DSGI) |
| Industries | Radio, television, and consumer electronics stores; Camera and photographic supply stores; Computer and computer software stores; Retail stores, nec |
| City | Hertfordshire |
| State | n/a |
| Nation | United Kingdom |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | DSG International PLC, located in Hertfordshire, UK, retails electronic products. Its brands include PC World, Currys and Dixons.co.uk in the UK and Ireland, Elkjp in the Nordic countries, UniEuro in Italy, Kotsovolos in Greece, Electro World in Central Europe, Greece and Turkey, PC City in Spain, Italy and Sweden, and Pixmania.com across Europe. The company was founded in 1937. |
| Advisors | NULL |
| Acquiror Sales | 13.29 billion U.S. Dollar 8.55 billion EURO |
|

|
|