Dixons Carphone disposal of The Phone House Spain

RNS Number : 0858L

Dixons Carphone PLC

14 July 2017

 

Dixons Carphone plc

Disposal of The Phone House Spain

Dixons Carphone plc, Europe's leading specialist electrical and telecoms retailer and services company, has today entered into an agreement to dispose of its entire holdings in The Phone House Spain S.L.U., Connected World Services Europe S.L.U. and Smarthouse S.A.U to Global Dominion Access SA, a global provider of technological services and solutions, headquartered in Bilbao, Spain. 

Following completion, which is expected to take place by the end of Q2, Dixons Carphone will receive a consideration of €55 million less working capital adjustments, payable in two non-contingent tranches at completion and in January 2018. Proceeds will be reinvested back into the business.

For further information

Kate Ferry	IR, PR & Corporate Affairs Director	[phone]
Mark Reynolds	Head of Investor Relations	[phone]
Hannah Collyer	Head of Media Relations	[phone]
Nick Cosgrove, Helen Smith	Brunswick Group	[phone]
Information on Dixons Carphone plc is available at www.dixonscarphone.com Follow us on Twitter: @dixonscarphone and @DCSebJ
About Dixons Carphone Dixons Carphone plc is Europe's leading specialist electrical and telecommunications retailer and services company, employing over 41,000 people in nine countries. Focused on helping customers navigate the connected world, Dixons Carphone offers a comprehensive range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and Team Knowhow. Dixons Carphone's primary brands include Carphone Warehouse and CurrysPCWorld in the UK & Ireland, Elkjøp, Elkjøp Phonehouse, Elgiganten, Elgiganten Phone House, Gigantti and Lefdal in the Nordic countries, Kotsovolos in Greece, Dixons Travel in a number of UK airports as well as Dublin and Oslo. Our key service brands include Team Knowhow in the UK, Ireland and the Nordics, and Geek Squad in the UK & Ireland. Business-to-business (B2B) services are provided through Connected World Services, CurrysPCWorld Business and Carphone Warehouse Business. Connected World Services aims to leverage the Group's existing expertise, operating processes and technology to provide a range of services to businesses. About Global Dominion Access SA Global Dominion Access SA is a multinational technological provider of Multi-Technical Services and Solutions and Specialized Engineering, which operated in the fields of Telecommunications & Technologies; Industry and Energy. Present in more than 30 countries, it employs more than 5,000 people and has more than 1,000 clients, with a turnover of 612 million euros in fiscal year 2016. Dominion faces current digitalization trend by applying its knowledge, technology and innovation with the objective of improving business processes' efficiency. Company's strategy is based on a unique culture and business model and on an ambitious growth plan. It is listed in the Spanish market since April 2016. (DOM:BME). Information on Dixons Carphone plc is available at www.dominion-global.com

 

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