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Czech Billionaire Kretinsky Proposes €1.1 Billion Fnac Darty Takeover

1/26/2026

Summary

Story summary

EP Group, led by Czech billionaire Daniel Kretinsky, has proposed a takeover bid for Fnac Darty, valuing the company at EUR 1.1 billion.
The bid offers EUR 36 per share, representing a 19% premium over the last closing price.
Fnac Darty's board unanimously welcomed the offer, which is expected to be filed with the French Financial Markets Authority by the end of Q1 2026.
Kretinsky, who holds a 28.5% stake, aims to become the majority shareholder while keeping the current management and dividend policy.
The deal will not involve a squeeze-out procedure, preventing the delisting of the stock.

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Story summary

EP Group, led by Czech billionaire Daniel Kretinsky, has proposed a takeover bid for Fnac Darty, valuing the company at EUR 1.1 billion.
The bid offers EUR 36 per share, representing a 19% premium over the last closing price.
Fnac Darty's board unanimously welcomed the offer, which is expected to be filed with the French Financial Markets Authority by the end of Q1 2026.
Kretinsky, who holds a 28.5% stake, aims to become the majority shareholder while keeping the current management and dividend policy.
The deal will not involve a squeeze-out procedure, preventing the delisting of the stock.