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Dixons and Carphone Warehouse in merger talks Dixons and Carphone Warehouse in merger talks
(35 minutes later)
Dixons Retail, the owner of Currys and PC World, has said it is in merger talks with mobile phone retailer Carphone Warehouse. Dixons Retail, the owner of Currys and PC World, and mobile phone retailer Carphone Warehouse have said they are in talks over a possible merger.
The company said the talks were at a very early stage and there could be no certainty a merger would take place. The companies said the talks were at a very early stage and there could be no certainty a merger would take place.
Dixons operates more than 500 Currys and PC World stores in the UK and Irish Republic. They also said no decision had been made on how a deal might be structured.
Carphone Warehouse operates more than 2,000 stores across Europe. Dixons operates more than 500 Currys and PC World stores in the UK and Ireland. Carphone Warehouse operates more than 2,000 stores across Europe.
Dixons Retail also owns the Elkjop group in the Nordic region and the Kotsovolos retail business in Greece.
Shares in both companies rose on news of the merger talks. Dixons Retail climbed 5.3%, while Carphone Warehouse was up 1%.