Ceconomy CEO states no decision reached on Fnac Darty stake sale
Ceconomy CEO Kai-Ulrich Deissner stated on Wednesday that the firm awaits a formal offer from Daniel Kretinsky. No decision on the stake sale has been made.
Insights:
Ceconomy AG , based in Germany 
DE, has announced that it has not yet made a decision regarding its approximately 22% stake in the retailer Fnac Darty S.A. , which operates primarily in France 
FR. The company stated on Wednesday that it will only determine its course of action after receiving a concrete and detailed offer from Daniel Kretinsky, who has launched a public takeover bid for the retailer through EP Group.
DE, has announced that it has not yet made a decision regarding its approximately 22% stake in the retailer Fnac Darty S.A. , which operates primarily in France FR. The company stated on Wednesday that it will only determine its course of action after receiving a concrete and detailed offer from Daniel Kretinsky, who has launched a public takeover bid for the retailer through EP Group.The takeover bid, which values Fnac Darty at approximately €1.1 billion, follows a public announcement by the EP Group, an entity based in the Czech Republic 
CZ. The decision by Ceconomy is considered pivotal because its stake of just under 22% is a significant factor in the outcome of the bid. Daniel Kretinsky currently controls about 28% of the retailer, meaning the choice made by Ceconomy will materially affect the progress and eventual control of the takeover process.
CZ. The decision by Ceconomy is considered pivotal because its stake of just under 22% is a significant factor in the outcome of the bid. Daniel Kretinsky currently controls about 28% of the retailer, meaning the choice made by Ceconomy will materially affect the progress and eventual control of the takeover process.
