Fnac Darty announces that it has entered into an agreement with MediaMarktSaturn, a subsidiary of Ceconomy, with a view to acquiring 100% of its activities in PortugalElectronics retailer MediaMarkt Portugal operates 10 stores and a webshop, recording sales of EUR 140 million in the financial year 2021-2022.

For its part, Fnac Darty operates 35 Fnac stores in Portugal, as well as six PC Clinic centres, one Nature et Decouvertes outlet and the Fnac.pt website, for a 2022 turnover of EUR 370 million. With this acquisition, Fnac Darty will further boost its number two position in Portugal. The transaction is subject to the approval of the Portuguese Competition Authority, and Fnac Darty aims to complete the deal by summer 2023.