Daniel Kretinsky Fnac Darty takeover has reached a decisive milestone as Czech billionaire Daniel Kretinsky’s EP Group officially acquired controlling power over the French retail giant. Specifically, the Autorité des marchés financiers (AMF) confirmed on November 10, 2026, that 40.9% of shares were tendered during the initial offer period. Furthermore, combined with the 28.5% stake already held via affiliate VESA, EP Group now controls 69.3% of the company’s share capital.
Financial terms and tender offer details
The transaction values the French distributor of cultural products, household appliances, and electronics at over €1 billion. Specifically, EP Group offered €35 per share alongside €81.16 per OCEANE convertible bond to secure control.
Additionally, regulators confirmed that the tender offer will reopen from November 12 to November 25, 2026. Consequently, remaining shareholders can tender their securities under identical financial terms before the final window closes.
| Tender Offer Parameter | Official Transaction Details |
|---|---|
| Acquiring Entity | EP FR HOLDCo (EP Group) |
| Target Enterprise | Fnac Darty |
| Total Post-Offer Stake | 69.3% of share capital (20,577,477 shares) |
| Initial Offer Window | May 12 to November 9, 2026 |
| Reopened Offer Window | November 12 to November 25, 2026 |
| Offer Valuation | €35 per share / €81.16 per OCEANE |
Strategic alignment and European retail roadmap
Fnac Darty Chief Executive Officer Enrique Martinez warmly welcomed the successful acquisition result. Specifically, Martinez stated that management looks forward to executing the group’s strategic 2030 roadmap under new controlling ownership.
Furthermore, Daniel Kretinsky emphasized his commitment to supporting Fnac Darty’s omnichannel, service-based retail model across France, Italy, Belgium, Portugal, Spain, and Switzerland. Meanwhile, EP Group confirmed that it will not seek a mandatory squeeze-out procedure. Therefore, as Daniel Kretinsky Fnac Darty takeover proceedings enter their final reopening phase, the retail group prepares for accelerated European expansion.
