EP Group plans tender offer for Fnac Darty shares and bonds

Czech Republic-based EP Group has unveiled plans to motorboat a voluntary currency tender connection for French retailer Fnac Darty earlier the extremity of the archetypal 4th of 2026.

The bid was unanimously supported by the retailer’s committee successful rule and volition beryllium made done a recently created subsidiary EP FR HoldCo.

The entity is owned 56% positive 1 stock by EP Group, controlled by Daniel Kretinsky, and 44% minus 1 stock by J&T Capital Partners.

Under a tender connection statement with Fnac Darty, EP Group aims to acquisition each shares and bonds convertible into oregon exchangeable for shares (OCEANEs) that it does not already hold, portion stopping abbreviated of undertaking a squeeze-out.

The radical has acceptable the terms astatine €36 ($42.72) per share, including the 2026 dividend for the 2025 fiscal year, and €81.09 per OCEANE, which incorporates €0.06 of accrued interest.

The stock connection represents premiums of 19% to the closing terms connected 23 January 2026, 24% to the one-month volume-weighted mean terms and 26% to the three-month VWAP.

At that level, Fnac Darty’s equity is valued astatine €1.1bn.

EP Group president and CEO Daniel Kretinsky said: “Since our introduction into the superior successful 2021, we person been capable to admit the spot of Fnac Darty's omnichannel exemplary and the relevance of its 'Beyond Everyday' strategy. With this affable offer, which has been welcomed by the committee of directors, we privation to consolidate our committedness by becoming the bulk shareholder successful the agelong term.”

EP Group affiliate VESA Equity Investment, which entered the institution successful 2021, held 28.5% of the shares arsenic of 26 January 2026.

The institution stated that its registered bureau and absorption volition stay successful France, it volition support its existent enactment team, set the board’s creation to bespeak the caller ownership structure, and support its existing dividend policy.

The woody is afloat financed, with backstop facilities successful spot to screen immoderate aboriginal indebtedness repayment triggered by change-of-control clauses.

The transaction remains taxable to regulatory clearances, worker consultations, the statutory caducity threshold of much than 50% of superior oregon voting rights, and reappraisal by France's Financial Markets Authority (Autorité des Marchés Financiers, AMF).

"EP Group plans tender connection for Fnac Darty shares and bonds" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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