Dixons Carphone PLC Dixons Carphone disposal of The Phone House Spain (0858L)
July 14 2017 - 1:00AM
UK Regulatory
TIDMDC.
RNS Number : 0858L
Dixons Carphone PLC
14 July 2017
Dixons Carphone plc
Disposal of The Phone House Spain
Dixons Carphone plc, Europe's leading specialist electrical and
telecoms retailer and services company, has today entered into an
agreement to dispose of its entire holdings in The Phone House
Spain S.L.U., Connected World Services Europe S.L.U. and Smarthouse
S.A.U to Global Dominion Access SA, a global provider of
technological services and solutions, headquartered in Bilbao,
Spain.
Following completion, which is expected to take place by the end
of Q2, Dixons Carphone will receive a consideration of EUR55
million less working capital adjustments, payable in two
non-contingent tranches at completion and in January 2018. Proceeds
will be reinvested back into the business.
For further information
IR, PR & Corporate
Kate Ferry Affairs Director +44 (0)7748 933 206
Head of Investor
Mark Reynolds Relations +44 (0)7979 696 498
Hannah Collyer Head of Media Relations +44 (0)7834 256 775
Nick Cosgrove,
Helen Smith Brunswick Group +44 (0)207 404 5959
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Information on Dixons Carphone plc is available at
www.dixonscarphone.com
Follow us on Twitter: @dixonscarphone and @DCSebJ
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About Dixons Carphone
Dixons Carphone plc is Europe's leading specialist
electrical and telecommunications retailer and services
company, employing over 41,000 people in nine countries.
Focused on helping customers navigate the connected
world, Dixons Carphone offers a comprehensive range
of electrical and mobile products, connectivity and
expert after-sales services from the Geek Squad and
Team Knowhow.
Dixons Carphone's primary brands include Carphone
Warehouse and CurrysPCWorld in the UK & Ireland, Elkjøp,
Elkjøp Phonehouse, Elgiganten, Elgiganten Phone
House, Gigantti and Lefdal in the Nordic countries,
Kotsovolos in Greece, Dixons Travel in a number of
UK airports as well as Dublin and Oslo. Our key service
brands include Team Knowhow in the UK, Ireland and
the Nordics, and Geek Squad in the UK & Ireland.
Business-to-business (B2B) services are provided through
Connected World Services, CurrysPCWorld Business and
Carphone Warehouse Business. Connected World Services
aims to leverage the Group's existing expertise, operating
processes and technology to provide a range of services
to businesses.
About Global Dominion Access SA
Global Dominion Access SA is a multinational technological
provider of Multi-Technical Services and Solutions
and Specialized Engineering, which operated in the
fields of Telecommunications & Technologies; Industry
and Energy.
Present in more than 30 countries, it employs more
than 5,000 people and has more than 1,000 clients,
with a turnover of 612 million euros in fiscal year
2016.
Dominion faces current digitalization trend by applying
its knowledge, technology and innovation with the
objective of improving business processes' efficiency.
Company's strategy is based on a unique culture and
business model and on an ambitious growth plan.
It is listed in the Spanish market since April 2016.
(DOM:BME).
Information on Dixons Carphone plc is available at
www.dominion-global.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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