Czech investment firm EP Group, which owns a 28.5 stake in Fnac Darty, France’s biggest bookselling chain, has made an offer to fully take over the company. EP Group is owned by Daniel Kretinsky, who also owns French publisher Editis. Fnac Darty is valued at more than €1.1 billion. EP made a cash offer for Fnac at a price of €36 per share, about 25 percent more than the the retailer’s recent average share price. Fnac’s board of directors “unanimously welcomed the offer” the announced in a release, and the retailer’s stock climbed 18 percent at the news, Reuters reports. […]
