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Fnac Darty Board Backs Kretinsky’s €36-a-Share Bid as AMF Review Begins

The board’s endorsement follows an independent expert’s finding that the terms are financially fair.

Le milliardaire tchèque Daniel Kretinsky est déjà le principal actionnaire de Fnac Darty, à hauteur de 28,5% 

Overview

  • Directors unanimously recommended that shareholders and OCEANE holders tender to EP Group’s offer after Ledouble concluded the pricing is fair.
  • The bid offers €36 per share, with immediate liquidity, and €81.12 per OCEANE.
  • Fnac Darty filed its draft response with the AMF on March 10, and the offer awaits the regulator’s clearance with potential closing in the second half of 2026.
  • EP Group aims to lift Daniel Kretinsky’s stake from about 28.5% to a controlling majority, and no delisting is planned.
  • Majority control would check JD.com’s indirect influence via Ceconomy, while the company’s 2025 results showed a €146 million net loss on €10.3 billion in revenue after integrating Unieuro.