PARIS (Reuters) – Fnac Darty rose sharply on the Paris Stock Exchange on Thursday after press reports of Czech businessman Daniel Kretinsky’s increased interest in the specialized retail group.
Around 10:05 a.m., the Fnac Darty share jumped 9.16% to 39.1 euros, the highest since August, when the SBF 120 rose at the same time by around 0.3%.
Daniel Kretinsky is seeking to increase his stake in Fnac Darty, currently 20%, and would be ready to get his hands on that of the German Ceconomy, the group’s largest shareholder with 24% of the capital, reports BFM Business, citing several sources.
A spokesperson for Ceconomy, which specializes in the distribution of consumer electronics, told Reuters that no discussions were under way with the Czech billionaire on the matter.
Daniel Kretinsky could not immediately be reached for comment.
For its part, Fnac Darty did not wish to comment immediately as the group will publish its annual results in the evening.
(Laetitia Volga, with Matthias Inverardi in Berlin and Dominique Vidalon in Paris, edited by Blandine Hénault)
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