Curry Warehouse

24 Feb 2014 By Quentin Webb

A $6 bln merger is being discussed by Carphone Warehouse and Dixons, Britain’s largest mobile and electrical retailers. Investors quickly added $350 mln to the duo’s stock valuations. That reflects real potential to cut costs, cross-sell, and win better terms from hardware giants.

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Britain’s Dixons Retail and Carphone Warehouse are in merger talks that could create an electrical goods and mobile-phone group with a market capitalisation of more than 3.4 billion pounds ($5.84 billion).

A combination of Dixons, Europe’s no. 2 electricals retailer, and Carphone, Europe’s largest independent mobile-phone retailer, would create a group with about 2,900 stores across the continent which would probably find a place in Britain’s FTSE 100 index of leading companies.

“The boards of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse,” the firms said in a brief joint statement to the London Stock Exchange.

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