Edition:
United States

Groupe Fnac SA (FNAC.PA)

FNAC.PA on Paris Stock Exchange

65.65EUR
5:31am EDT
Change (% chg)

€-0.98 (-1.47%)
Prev Close
€66.63
Open
€66.68
Day's High
€66.68
Day's Low
€65.65
Volume
26,457
Avg. Vol
22,636
52-wk High
€70.80
52-wk Low
€46.04

Latest Key Developments (Source: Significant Developments)

FNAC could become shareholder of music site Deezer as companies form partnership
Tuesday, 14 Mar 2017 02:54am EDT 

FNAC/Deezer: Music, books and electrical goods retailer FNAC and music streaming site Deezer announce strategic alliance . FNAC says it could end up as a shareholder of Deezer . In January 2016, Deezer said it had raised 100 million euros from shareholders such as French telecoms group Orange and Access Industries, the holding of tycoon Len Blavatnik. [nL8N1544CQ] . Deezer competes against the likes of Spotify and Apple Music . Although growing rapidly, streaming services are as yet unprofitable, as they have high costs for licensing music and face challenges persuading people to upgrade from free versions. They have also been criticised by artists such as pop star Taylor Swift for not paying them enough. ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Groupe Fnac announces strategic alliance with Deezer
Tuesday, 14 Mar 2017 02:54am EDT 

Groupe Fnac SA : Announces strategic alliance with Deezer . Fnac will be able to become a shareholder of Deezer . From second half of 2017, customers of Fnac and Darty will have advantageous offers of access to Deezer services Further company coverage: [FNAC.PA] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

Groupe Fnac FY revenue up 1.9 pct at 7.42 bln euros
Tuesday, 28 Feb 2017 11:46am EST 

Groupe Fnac SA : FY revenue is ‍​7.42 billion euros ($7.88 billion), up 1.9 percent . FY recurring operating income is 203 million euros versus 165 million euros a year ago . FY adjusted net result (continued activities) is 74 million euros versus 54 million euros a year ago .On quick integration Fnac Darty: objective of 130 million euros advanced as of 2018.  Full Article

Fnac signs Sunday/evening work agreement with 3 trade unions
Thursday, 26 Jan 2017 10:42am EST 

Groupe Fnac SA : Signs with CFDT, CFTC and CFE-CGC trade unions agreement on sunday and evening work Further company coverage: [FNAC.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Groupe Fnac completes 650 million euro senior bond issue
Thursday, 22 Sep 2016 02:11am EDT 

Groupe Fnac SA : Said on Wednesday it has completed its 650 million euro ($729.2 million) senior bond issue maturing 2023 . The annual interest rate was set at 3.25 pct, below the initial price range .The transaction drew interest from more than 300 European investors and was heavily oversubscribed.  Full Article

Groupe FNAC launches 650 million euros senior notes offering
Monday, 19 Sep 2016 02:29am EDT 

Groupe Fnac Sa :Groupe FNAC launches 650 million euros senior notes offering.  Full Article

Fnac sees shares over Darty deal trade on Euronext Paris around Aug 2
Monday, 1 Aug 2016 02:00am EDT 

Groupe Fnac SA : Statement re offer for Darty Plc . Darty shareholders who made valid elections for new Fnac shares have had such elections satisfied in full .Expected that all relevant new Fnac shares to be issued to those electing Darty shareholders will be admitted to trading on Euronext Paris on or around 2 Aug.  Full Article

Fnac H1 net loss group share widens to 76 million euros
Thursday, 28 Jul 2016 11:46am EDT 

Groupe Fnac SA : H1 current operating loss 29 million euros ($32.12 million) versus loss of 23 million euros year ago . H1 net loss group share 76 million euros versus loss of 43 million euros year ago .Sales growth driven by France (+1.6 pct) increase in current operating income and free cash flow.  Full Article

Darty announces board shake-up
Wednesday, 20 Jul 2016 11:16am EDT 

Darty Plc : As Groupe Fnac's offer has become unconditional, 7 non-executive Darty directors' appointments have been terminated with immediate effect .Darty further wishes to announce the appointment of 3 new directors.  Full Article

Groupe Fnac says Darty offer declared unconditional
Tuesday, 19 Jul 2016 07:22am EDT 

Groupe Fnac SA : Statement re offer for Darty Plc . Darty offer declared unconditional in all respects and notice of cancellation of listing . Intended that Darty makes an application to Euronext Paris in respect of cancellation of listing and trading of its shares on Euronext Paris .As at 11.12 a.m. London time on July 19, Fnac had received valid acceptances of about 62.67 pct Darty share capital.  Full Article

More From Around the Web

BRIEF-Groupe Fnac announces strategic alliance with Deezer

* From second half of 2017, customers of Fnac and Darty will have advantageous offers of access to Deezer services Further company coverage: (Gdynia Newsroom:)