Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Currys has announced that it is weighing up offers for its Greek business Kotsovolos after commencing a strategic review in June.
The tech retailer said it has been approached by “several potential buyers” but it is not sure whether the sale will go ahead yet.
Kotsovolos started as a small business in 1950 and has quickly become one of the leading electrical retailers in Greece and Cyprus, now operating 90 stores.
In an official statement, Currys said: “The strategic review remains ongoing, and Currys will provide a further update when appropriate. At this stage there can be no certainty as to the outcome of the review.”
When the strategic review was first announced, Alex Baldock, group chief executive, defined Kotsovolos an “excellent business with a bright future” and that it was time to maximise value to its shareholders.
Currys’ board will keep considering offers.
