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A person carries a television outside a Currys store in London, Britain, November 22, 2021. Picture taken November 22, 2021. May James
A person carries a television outside a Currys store in London, Britain, November 22, 2021. Picture taken November 22, 2021. May James
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Elliott plans around $880 million bid for Currys, Sky News reports

February 17th, 2024 | 10:16 AM MARKETS Deals 1

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By Reuters

Investment management firm Elliott Advisors is planning to acquire British electricals retailer Currys (CURY.L) for 700 million pounds ($881.9 million), Sky News reported on Saturday.

It was unclear whether Elliott had made a formal proposal to the Currys board, the report added.

Last month Currys forecast full-year profit ahead of market expectations after stable gross margins and cost savings offset a fall in underlying sales over the Christmas trading period.

Elliot Advisors declined to comment on the Sky News report, while Currys did not immediately respond to a Reuters request for comment.

Last year U.S.-based Elliott also offered bids for fashion chain Reiss and cosmetics retailer The Body Shop which did not go through.

($1 = 0.7938 pounds)

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Previous article BlackRock's GIP nears $38 billion takeover of utility group AES, FT reports

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