Electronics retailer Kesa shareholders back Comet sale

15th December 2011, Comments 0 comments

Kesa Electricals announced Thursday that shareholders have backed the sale of its loss-making British retail arm Comet.

Investors attending the group's extraordinary general meeting voted by an overwhelming 94.90 percent in favour of the deal, Kesa said in a statement to the London Stock Exchange.

The group, which runs the Darty retail chain in France, announced on November 9 that it had agreed to sell Comet for a nominal £2.0 (2.3 euros, $3.2) to private investment firm OpCapita.

Kesa also agreed to inject £50 million into the business and retain responsibility for Comet's pension deficit of £46 million, before offloading the chain that runs 248 outlets across Britain and employs 10,000 staff.

© 2011 AFP

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