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DGAP-News: Office Depot Europe to sell its Spanish direct business unit to strategic buyer Bruneau Spain

Retrieved on: 
Friday, July 31, 2020

24.000 customers into its existing platform

Key Points: 
  • 24.000 customers into its existing platform
    Munich/Venlo, July 31, 2020 - Office Depot Europe, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) has agreed to sell its Spanish direct business unit, which runs on the commercial brand Viking, to strategic buyer Bruneau Spain, a subsidiary of French Bruneau Group.
  • Office Depot Europe will hereby completely exit the Spanish market following the successful sale of its Spanish contract business unit on July 23, 2020.
  • The sale of the Spanish direct business unit is part of the ongoing transformation of Office Depot Europe.
  • Office Depot Europe sold its Central Eastern European business in November 2019, its Nordic division in May 2020 and its Spanish contract business unit as of July 23, 2020.

DGAP-News: Office Depot Europe to sell its Spanish contract business to strategic buyer Lyreco

Retrieved on: 
Friday, July 24, 2020

Munich/Venlo, July 24, 2020 - Office Depot Europe, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) has agreed to sell its Spanish contract business unit to strategic buyer Lyreco, a leading provider of office supplies headquartered in Marly, France.

Key Points: 
  • Munich/Venlo, July 24, 2020 - Office Depot Europe, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) has agreed to sell its Spanish contract business unit to strategic buyer Lyreco, a leading provider of office supplies headquartered in Marly, France.
  • Lyreco will integrate this business with its existing Spanish presence and continue to develop the business ensuring best-in-class service levels.
  • The sale of the Spanish contract business unit is part of the ongoing transformation of Office Depot Europe.
  • The exit of Office Depot's Spanish contract business follows the same strategic rationale, freeing resources to allow Office Depot Europe to focus on its core European ecommerce centric business activities.