M&A Activity • Jun 12, 2015
M&A Activity
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Corporate | 12 June 2015 08:50
mutares makes an irrevocable offer to acquire Grosbill
mutares AG / Key word(s): Mergers & Acquisitions/Expansion
2015-06-12 / 08:50
mutares AG (ISIN: DE000A0SMSH2) has made an irrevocable offer to acquire 100% of the shares of Grosbill SA from Groupe Auchan.
Grosbill SA (www.grosbill.com) is a leading omni-channel distributor specialized in IT products and consumer electronics in France. And thus serves the same market as the mutares portfolio company Pixmania. This irrevocable offer will be presented to the workers’ representatives of Grosbill SA in accordance with legal provisions. Further announcements concerning the project will be made after those consultations. The project remains subject to the approval by competent bodies and antitrust authorities.
Company profile of Groupe Auchan
Groupe Auchan (www.groupe-auchan.com) operates in 16 countries, employs 330,700 people and generated EUR 63.0 billion in revenue in 2014. Groupe Auchan is organized into five core businesses: hypermarkets, supermarkets, Immochan, Banque Accord, and Auchan E-commerce.
Company profile of mutares AG
mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2).
For further information, please contact:
mutares AG
Christoph Himmel
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
www.mutares.de
2015-06-12 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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367697 2015-06-12
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