Unieuro Awaits Completion of Acquistion by Fnac Darty and Ruby

Fnac Darty S.A., in collaboration with Ruby Equity Investment S.r.l., is finalizing a voluntary public acquisition and exchange offer for the remaining shares of Unieuro S.p.A. The acquisition aims to fulfill the purchase obligation under the Italian financial law, specifically Article 108, Paragraph 2, of TUF. Having acquired over 90% of Unieuro's shares, they are set to purchase the remaining shares at €11.67208 per share in cash or in Fnac shares, scheduled from November 18 to December 6, 2024. The payment is slated for December 13, 2024. Crédit Agricole CIB, as the guaranteeing bank, underpins this commitment to ensure compliance with the purchase obligations. Like many offerings, regulatory constraints limit this activity to non-U.S. Actions indicate that Fnac Darty will issue up to 185,466 new shares, reflecting a maximum dilution of 0.63%. This marks a significant consolidation within the European retail sector, positioning Fnac Darty as a major player.