mutares made irrevocable offer to acquire PIXmania S.A.S

mutares AG, Munich, has made an irrevocable offer to acquire PIXmania S.A.S and its subsidiaries from Dixons Retail plc.

PIXmania S.A.S is a pure play European e-tailer headquartered in Paris, operating in 14 countries. Following this offer and in line with French labour codes, the works councils of PIXmania S.A.S will be consulted on the sale process.

Further announcements will be made following those consultations.