FNAC Darty: results have beaten forecasts for the electrical goods retailer – despite the “Yellow Vests”. One of the company’s top shareholders – Ceconomy, which owns 24% currently, is looking to take the group private.
Rumours have been swirling around both France and England over the past few weeks, with the feeling being that the matter is coming to a head, and a deal done in the €90 zone. The stock has been up to €106, so €90 is an excessive number whatever happens to this situation. It also seems to be the case that the financial media sources are developing the story here.
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