Currys weighs up offers for Greek business

Currys is mulling offers for its Greek and Cypriot business Kotsovolos, after putting it up for review back in June.

The electricals retailer said it had been approached by several suitors but that it was still not certain whether a sale will go ahead.

It told shareholders on Tuesday that the board was considering offers.


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“Currys confirms that the strategic review has elicited interest from several potential buyers of Kotsovolos, who have in turn submitted non-binding offers which the Board and its advisers are currently evaluating,” the retailer said in a statement.

“The strategic review remains ongoing, and Currys will provide a further update when appropriate. At this stage there can be no certainty as to the outcome of the review.

Currys launched a strategic review of Kotsovolos earlier this year, explaining that it believed the strength of the brand was “not currently reflected in the group’s valuation”.

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