CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Mutual Funds Taxes Ask the Expert Money 101 Autos Loan Center Best Places to Live Ask the Expert Millionaires in the Making Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Personal Tech Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
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 Announced11/25/08
Date Originally Announced11/25/08
FormatAcq. Part. Int.Acquisition techniquesNot Applicable
AttitudeFriendlyAgencyn/a
Value36.4 million U.S. Dollar
28.1 million EURO
Advisor Feesn/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
NameKotsovolos SA
IndustriesElectrical appliances, television and radio sets; Electronic parts and equipment, nec; Household appliance stores; Radio, television, and consumer electronics stores
CityAthens
Staten/a
NationGreece
Incorporated inn/a
Public StatusPrivate
Business DescriptionKotsovolos SA, located in Athens, Greece, manufactures, wholesales and retails electrical appliances and electronic equipment.
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameDSG International PLC (London : DSGI)
IndustriesRadio, television, and consumer electronics stores; Camera and photographic supply stores; Computer and computer software stores; Retail stores, nec
CityHertfordshire
Staten/a
NationUnited Kingdom
Incorporated inn/a
Public StatusPublic
Business DescriptionDSG 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.
AdvisorsNULL
Acquiror Sales13.29 billion U.S. Dollar
8.55 billion EURO
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.