Kotsovolos, which also operates in Cyprus, is a “performing and profitable business, with high brand awareness, a unified e-commerce platform and a diverse mix of products and services.”
In a statement, the company said its board is reviewing the group structure through the lens of driving shareholder value.
As a result, it believes the strength of the Kotsovolos brands, track record of profitability and leading market position are not currently reflected in the group’s valuation, and that the electrical goods retailer is looking to capitalise on the robust economic outlook for Greece.
“Kotsovolos is an excellent business with a bright future, and now is the right time to assess how best to take Kotsovolos forward to maximise value for our shareholders,” said Currys' chief executive Alex Baldock.
