Radar > 241506

Otto Group announces sale of Unigro and Venca for 2017

Otto Group anuncia venta de Unigro y Venca para 2017

Intel ID : 241506
Synopsis

Otto Group, a Germany-based multichannel retail company, announced that, starting February 2017, it will close the sale agreements of Unigro, a Belgium-based e-commerce company and Venca, a Spain-based e-commerce company, reported Modaes.es on 10 October 2016, citing Otto Group CEO Hans-Otto Schrader.

Specifically, Otto Group announced that, before the end of its fiscal year, it will close the sale agreement of two business units which are still in the portfolio of 3SI Group, a France-based e-commerce company.

In July 2015, Otto Group launched an internal restructuring project to divest all 3SI Group's brands, including Venca, for which no transaction has been reached (see related intel).
(content in spanish)

Otto Group, empresa alemana de retail multicanal, ha anunciado que para febrero de 2017 cerrará los acuerdos de venta de Unigro, empresa de comercio electrónico con sede en Bélgica y Venca, empresa de comercio electrónico con sede en España, según ha informado Modaes.es el 10 de octubre de 2016, citando al director general Otto Group, Hans-Otto Schrader.

En concreto, Otto Group ha anunciado que, antes de finalizar su ejercicio fiscal, cerrará los acuerdos de venta de las dos unidades de negocio que todavía tiene en cartera de 3SI Group, empresa de comercio electrónico con sede en Francia.

En julio de 2015, Otto Group ha puesto en marcha un proyecto de reestructuración interna para desinvertir todas las marcas de 3SI Group, en el que se incluye Venca, de la cual no se ha concretado ninguna operación (ver Intel relacionado).

Target

Seller


Intel ID 241506
Value ND
Native Currency Euro (EUR)
Financial Data - Venca
(31 Dec 2016)
Revenue: EUR 53,00m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Internet (Primary)
Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Primary Sector (TTRSC)
15.05.11 Multiline Retail (Department, Discount & Convenience Stores)
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Primary Sector (TTRSC)
15.05.03 Clothing, Apparel & Accessories Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Technology and Telecoms / Internet (Primary)
Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.