Office Depot Europe

DGAP-News: AURELIUS signs agreement to sell remaining Office Depot Europe business to strategic buyer RAJA Group

Retrieved on: 
Tuesday, August 17, 2021

Munich (Germany) / Paris (France), August 16, 2021 - AURELIUS Equity Opportunities (ISIN: DE000A0JK2A8) today announces that one of its subsidiaries has signed an agreement to sell Office Depot Europe, which includes the remaining Viking and Office Depot Europe activities to strategic buyer RAJA Group, (Roissy, France).

Key Points: 
  • Munich (Germany) / Paris (France), August 16, 2021 - AURELIUS Equity Opportunities (ISIN: DE000A0JK2A8) today announces that one of its subsidiaries has signed an agreement to sell Office Depot Europe, which includes the remaining Viking and Office Depot Europe activities to strategic buyer RAJA Group, (Roissy, France).
  • Having sold its activities in Southern, Eastern and Northern Europe over the last three years, the sale of the remaining activities in North-Western Europe completes the disposal of Office Depot Europe.
  • Office Depot Europe was acquired by AURELIUS in 2017 as a carve-out from US-based Office Depot, Inc.
  • Office Depot Europe is a trademark of AURELIUS Group, a pan-European investment group.

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA: AURELIUS subsidiary Office Depot Europe sells its UK and Ireland contract business to strategic buyer OT Group

Retrieved on: 
Tuesday, June 22, 2021

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA

Key Points: 
  • DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA
    AURELIUS Equity Opportunities SE & Co. KGaA: AURELIUS subsidiary Office Depot Europe sells its UK and Ireland contract business to strategic buyer OT Group
    The issuer is solely responsible for the content of this announcement.
  • Munich/Venlo, June 22, 2021 - Office Depot Europe, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) has agreed to sell its larger mid-market, major and public sector contract customers in the UK and Ireland to strategic buyer OT Group.
  • OT Group headquartered in Smethwick, UK, is a leading provider of business services and workplace solutions across the UK and Ireland and part of Paragon Group.
  • OT Group will also enter into a collaboration agreement with Office Depot Europe, servicing the international customers that will be transferred as part of the deal.