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15/05/2014
Dixons And Carphone Warehouse To Merge
Dixons Retail, the owner of Currys and PC World, are to merge with mobile phone retailer Carphone Warehouse, in a deal worth £3.8bn.
In February, both firms announced they were in talks.
The new firm will be known as Dixons Carphone, and the ownership is to be split equally between the two company's existing shareholders.
Currently Dixons operates over 500 Currys and PC World stores in the UK and Ireland while Carphone Warehouse operates more than 2,000 stores throughout Europe.
The deal was announced by Dixons chief executive Sebastian James. He said: "Today we also announce that we are setting out on a new journey with Carphone Warehouse and it is good to be in such a strong position as we embark on this adventure.
"The ability to take what we have built in electrical retailing and add the profound expertise of Carphone Warehouse in connectivity would make us a leading force in retailing for a connected world."
(CVS/CD)
In February, both firms announced they were in talks.
The new firm will be known as Dixons Carphone, and the ownership is to be split equally between the two company's existing shareholders.
Currently Dixons operates over 500 Currys and PC World stores in the UK and Ireland while Carphone Warehouse operates more than 2,000 stores throughout Europe.
The deal was announced by Dixons chief executive Sebastian James. He said: "Today we also announce that we are setting out on a new journey with Carphone Warehouse and it is good to be in such a strong position as we embark on this adventure.
"The ability to take what we have built in electrical retailing and add the profound expertise of Carphone Warehouse in connectivity would make us a leading force in retailing for a connected world."
(CVS/CD)
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