Dixons Carphone PLC Dixons Carphone disposal of The Phone House Spain (0858L)

TIDMDC.

RNS Number : 0858L

Dixons Carphone PLC

14 July 2017

Dixons Carphone plc

Disposal of The Phone House Spain

Dixons Carphone plc, Europe's leading specialist electrical and telecoms retailer and services company, has today entered into an agreement to dispose of its entire holdings in The Phone House Spain S.L.U., Connected World Services Europe S.L.U. and Smarthouse S.A.U to Global Dominion Access SA, a global provider of technological services and solutions, headquartered in Bilbao, Spain.

Following completion, which is expected to take place by the end of Q2, Dixons Carphone will receive a consideration of EUR55 million less working capital adjustments, payable in two non-contingent tranches at completion and in January 2018. Proceeds will be reinvested back into the business.

For further information

 
                      IR, PR & Corporate 
  Kate Ferry           Affairs Director           [phone] 
                      Head of Investor 
  Mark Reynolds        Relations                  [phone] 
  Hannah Collyer      Head of Media Relations     [phone] 
  Nick Cosgrove, 
   Helen Smith        Brunswick Group             [phone] 
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  Information on Dixons Carphone plc is available at 
   www.dixonscarphone.com 
   Follow us on Twitter: @dixonscarphone and @DCSebJ 
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 About Dixons Carphone 
  Dixons Carphone plc is Europe's leading specialist 
  electrical and telecommunications retailer and services 
  company, employing over 41,000 people in nine countries. 
  Focused on helping customers navigate the connected 
  world, Dixons Carphone offers a comprehensive range 
  of electrical and mobile products, connectivity and 
  expert after-sales services from the Geek Squad and 
  Team Knowhow. 
  Dixons Carphone's primary brands include Carphone 
  Warehouse and CurrysPCWorld in the UK & Ireland, Elkjøp, 
  Elkjøp Phonehouse, Elgiganten, Elgiganten Phone 
  House, Gigantti and Lefdal in the Nordic countries, 
  Kotsovolos in Greece, Dixons Travel in a number of 
  UK airports as well as Dublin and Oslo. Our key service 
  brands include Team Knowhow in the UK, Ireland and 
  the Nordics, and Geek Squad in the UK & Ireland. 
  Business-to-business (B2B) services are provided through 
  Connected World Services, CurrysPCWorld Business and 
  Carphone Warehouse Business. Connected World Services 
  aims to leverage the Group's existing expertise, operating 
  processes and technology to provide a range of services 
  to businesses. 
  About Global Dominion Access SA 
  Global Dominion Access SA is a multinational technological 
  provider of Multi-Technical Services and Solutions 
  and Specialized Engineering, which operated in the 
  fields of Telecommunications & Technologies; Industry 
  and Energy. 
  Present in more than 30 countries, it employs more 
  than 5,000 people and has more than 1,000 clients, 
  with a turnover of 612 million euros in fiscal year 
  2016. 
  Dominion faces current digitalization trend by applying 
  its knowledge, technology and innovation with the 
  objective of improving business processes' efficiency. 
  Company's strategy is based on a unique culture and 
  business model and on an ambitious growth plan. 
  It is listed in the Spanish market since April 2016. 
  (DOM:BME). 
  Information on Dixons Carphone plc is available at 
  www.dominion-global.com 
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July 14, 2017 02:00 ET (06:00 GMT)