DUESSELDORF, Feb 11 (Reuters) - German electronics retailer Ceconomy has not yet taken a decision when it comes to its stake in the French chain Fnac Darty, its CEO said on Wednesday.
Ceconomy will announce what it will do with the stake once it receives a concrete and detailed offer from Czech billionaire Daniel Kretinsky, who wants to take over the French chain, said CEO Kai-Ulrich Deissner.
"We have not yet made a decision," he added.
At the end of January, Kretinsky's EP Group said it planned to buy Fnac Darty through a public takeover bid valuing the retailer at around 1.1 billion euros ($1.31 billion).
Kretinsky is already the largest single shareholder in Fnac Darty, controlling around 28% of the shares.
The second-largest shareholder is MediaSaturn's parent company Ceconomy, holding just under 22%.
Ceconomy itself is being taken over by Chinese tech group JD.com.
($1 = 0.8391 euros)
(Reporting by Matthias Inverardi, writing by Linda Pasquini, editing by Miranda Murray)
Fnac Darty is No. 1 in France for distribution of cultural and leisure products. The group's activity is organized into 4 divisions:
- distribution of cultural and IT products and consumer electronics: books, toys, gaming consoles, music CDs, telephones, IT products (computers, tablets, peripherals, software, etc.), hi-fi products (televisions, stereo systems, DVD readers and recorders), cameras and video recorders, MP3 players, DVD films, household appliances, etc. The company operates through a network of stores (owned nearly 1,484 points of sale as of the end of 2025 worldwide) and via the Internet;
- sales of photo developing services;
- distribution of event tickets: concerts, theater productions, operas, expositions, circuses, museums, etc.;
- travel sales (Fnac Voyages).
Net sales are distributed geographically as follows: France (58.7%), Italy (25%), Belgium (6.1%), Portugal (5.2%), Spain (2.9%) and Switzerland (2.1%).
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