At the start of the week of 19 October 2026 the European Commission approved the takeover of a majority stake in the French electronics retailer Fnac Darty by EP Group (EPG) of Daniel Křetínský. According to a press release from Fnac Darty and EP FR HOLDCo, the company EPG set up for the offer, it was the last approval expected for the transaction.[1][2]
The offer
EPG announced its intention to raise its stake at the start of 2026. It owns 28.5 percent of Fnac Darty and offers €35 per share, after payment of a dividend of €1 for 2025. For OCEANE convertible bonds it offers €81.16 each, with settlement on 12 November 2026.[1][2]
The offer was approved on 7 May by the French financial markets regulator AMF, which is to announce the final timetable, including the closing date, in the coming days. Completion is expected in early November. The independent expert Ledouble described the financial terms as fair to shareholders and bondholders alike.[1][2]
Fnac Darty has almost 30,000 employees and more than 1,500 stores in 14 countries. Its revenue for 2024 exceeded €10 billion.[1][2]
Chronology
- — The European Commission approved the takeover of a majority stake in the French electronics retailer Fnac Darty by Daniel Křetínský's EP Group, which is offering shareholders €35 per share. ČTK / České noviny Novinky.cz
Sources
- ČTK / České noviny — 20 October 2026
- Novinky.cz — 20 October 2026