Disposal

RNS Number : 9946E

Carphone Warehouse Group PLC

15 April 2011

 



Friday 15th April 2011

Embargoed until 12pm

Carphone Warehouse Group plc

Disposal of Best Buy Europe's Belgian retail business

Best Buy Europe, a joint venture between Carphone Warehouse Group plc and Best Buy Co., Inc., has reached agreement to sell its retail business in Belgium to Belgacom S.A., for a provisional cash consideration of €22 million. Best Buy Europe's Belgian insurance customer base will not form part of the transaction.

The sale is conditional on clearance from the Belgian Competition Authority.

For analyst and institutional enquiries           

Nigel Langstaff, CFO                                                      07802 210 248

Kerry Becker, IR Manager                                               07748 910 861

For media enquiries

Shane Conway, Corporate PR Manager                           07932 199 659

 

Anthony Carlisle (Citigate Dewe Rogerson)                       07973 611 888

                                                                                    020 7638 9571

 

END

 

 

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