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Kretinsky Prepares Takeover Bid for Fnac Darty With Board’s Backing

The offer is set to be filed with France’s market regulator in the first quarter with completion targeted by early July.

L’homme d’affaires tchèque Daniel Kretinsky est déjà le premier actionnaire du groupe Fnac-Darty, avec 28,5 % du capital, depuis 2023. 
Réunis dimanche soir, tous les membres du conseil d’administration du groupe ont accueilli favorablement « à l’unanimité » le projet d’OPA.
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Overview

  • Fnac Darty’s board met Sunday and unanimously welcomed the proposed public offer, according to Le Figaro.
  • Daniel Kretinsky intends to lodge the bid with the AMF in the coming quarter and is targeting an early July close.
  • Through EP Group, Kretinsky already holds 28.5% of Fnac Darty, making him the company’s largest shareholder since 2023.
  • The move responds to reports that JD.com is poised to acquire Ceconomy’s 21.9% stake, potentially boosting the Chinese group’s influence.
  • Financing and legal support have been assembled with BNP Paribas, Société Générale, Crédit Agricole and law firm De Pardieu Broca Maffei.