16th Jun 2009 07:00
16 June 2009
Sale of Kesa Electricals Swiss business
Kesa Electricals plc today confirms that it has entered into exclusive negotiations with Swiss electrical retailing chain FUST, regarding the sale of its Swiss operations for CHF 20 million (£11.4 million). The sale will not result in a loss for the Group.
The negotiations will include obtaining certain approvals which are likely to be completed in the coming weeks.
Further details will be announced in due course.
ENDS
The Group will announce its full year results on Wednesday 24 June 2009.
Enquiries
Analysts
Kesa Electricals plc
Simon Ward +44 (0) 20 7269 1400
Media
Kesa Electricals plc
Annabel Donaldson +44 (0) 20 7269 1400
Finsbury
Charles Watenphul UK +44 (0) 20 7251 3801
Euro RSCG
Benjamin Perret France +33 (0) 1 58 47 95 17
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