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AURELIUS Equity Opportunities SE & Co. KGaA: Further Consolidation and Digitalization of Office Depot Group

·2-min read

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Miscellaneous
05.02.2021 / 20:07
The issuer is solely responsible for the content of this announcement.

Further Consolidation and Digitalization of Office Depot Group

- Successful completion of the sale of Eastern European, Scandinavian and Spanish operations

- Sale of French operations by way of a Redressement Judiciare impending

- Integration of business areas DIRECT and CONTRACT on fully-digitalized platform Viking+

Grpnwald/Munich, February 5, 2021 - OFFICE DEPOT Europe continues to focus on its core markets. Having successfully completed the sale of Eastern European and Scandinavian operations, the sale of the Spanish operations has now been completed successfully, too.

Local management filed for the commencement of court supervised restructuring proceedings (Redressement Judiciaire) for French stationary and key account business which had been severely affected by the lockdown warranted by the Covid-19 pandemic. During the proceedings, negotiations on a sale of the operations shall be conducted with various interested parties under the surveillance of a court appointed administrator. The 2020 turnover of OFFICE DEPOT France was at approx. 280m EUR, with an overall clearly negative business result. The Net Asset Value of OFFICE DEPOT group last published is not diminished thereby. During the last years, the French operations have been conducted independently of the rest of the group on a stand alone basis.

As part of OFFICE DEPOT Europe's newly implemented digitalization and marketplace strategy VIKING+, business areas Direct and Contract will be integrated. Customers ranging from B2C to B2B key accounts will henceforth be served by a joint organization and from a unified, fully-digital platform. Organizational, procedural and technological key requirements shall be fully implemented in this current year, thereby digitalizing and accelerating all business processes within OFFICE DEPOT Europe.




Contact:
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: investor@aureliusinvest.de


05.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

AURELIUS Equity Opportunities SE & Co. KGaA

Ludwig-Ganghofer-Straße 6

82031 Grünwald

Germany

Phone:

+49 (0)89 544 799-0

Fax:

+49 (0)89 544 799-55

E-mail:

info@aureliusinvest.de

Internet:

www.aureliusinvest.de

ISIN:

DE000A0JK2A8

WKN:

A0JK2A

Listed:

Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange

EQS News ID:

1166415


 

End of News

DGAP News Service

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