DUESSELDORF, Feb 11 (Reuters) - German electronics retailer Ceconomy has not yet taken a decision when it comes to its stake in the French chain Fnac Darty, its CEO said on Wednesday. Ceconomy will
Ceconomy CEO says no decision yet on Fnac-Darty stake
Ceconomy's Stake in Fnac-Darty
DUESSELDORF, Feb 11 (Reuters) - German electronics retailer Ceconomy has not yet taken a decision when it comes to its stake in the French chain Fnac Darty, its CEO said on Wednesday.
Current Shareholder Structure
Ceconomy will announce what it will do with the stake once it receives a concrete and detailed offer from Czech billionaire Daniel Kretinsky, who wants to take over the French chain, said CEO Kai-Ulrich Deissner.
Potential Takeover by Kretinsky
"We have not yet made a decision," he added.
At the end of January, Kretinsky's EP Group said it planned to buy Fnac Darty through a public takeover bid valuing the retailer at around 1.1 billion euros ($1.31 billion).
Kretinsky is already the largest single shareholder in Fnac Darty, controlling around 28% of the shares.
The second-largest shareholder is MediaSaturn's parent company Ceconomy, holding just under 22%.
Ceconomy itself is being taken over by Chinese tech group JD.com.
($1 = 0.8391 euros)
(Reporting by Matthias Inverardi, writing by Linda Pasquini, editing by Miranda Murray)
