Conforama40

Conforama Investissement 2 SAS has purchased a 19.5% stake in Darty, as well as raised its cash offer for the remaining shares to 138p for each share.

The offer values Darty at around £742m. The closing date of this raised offer will be on 10 June, reported Financial Times.

The latest offer is an improvement from the previous offer of 125p a share made earlier this year.

Conforama had acquired the 19.5% interest from Schroder Investment Management, Standard Life Investments, UBS Asset Management and Majedie Asset Management.

"The latest offer is an improvement from the previous offer of 125p a share made earlier this year."

It plans to fund the raised offer through facilities from Citigroup and HSBC.

Conforama has 285 stores in Europe while Darty has more than 200 stores in France, in addition to 135 stores in the Netherlands and Belgium.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Steinhoff sells furniture under brands such as Harveys in the UK, and has around 90,000 employees.


Image: Conforama Investissement purchased a 19.5% stake in Darty. Photo: courtesy of Roland zh via Wikipedia.