Shareholder denies plan to sell off stake in retailer Darty

City A.M. Reporter
ACTIVIST shareholder Knight Vinke said yesterday it had not hired banks to handle a possible sale of its 25 per cent stake in London-listed electrical goods retailer Darty.

“Knight Vinke can confirm that it has not retained Goldman Sachs or anyone else with regard to its investment in Darty,” a Knight Vinke spokeswoman in Paris said, declining to elaborate further.

Knight Vinke, which owns 25 per cent of Darty, was reacting to a report in French daily Le Figaro which said Darty had been put up for sale and Goldman Sachs was managing the operation.

Darty declined to comment.

Shares in Darty, which has more than 450 stores in Europe, close up two per cent at 49p.