GO
Loading...

UK's Dixons, Carphone Warehouse in merger talks

Dixons Retail, Europe's No. 2 electricals retailer, and Carphone Warehouse,Europe's No. 1 independent mobile phone retailer, said on Monday they are in merger talks.

"The boards of Dixons and Carphone Warehouse note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse," the firms said in a statement.

(Read more: A "tsunami" of retail store closings?)

Scott Barbour | Getty Images News | Getty Images

They said the discussions are at a very preliminary stage and there was no certainty a transaction will be forthcoming.

They said no decision has been reached regarding the structuring of any such merger.

Follow us on Twitter: @CNBCWorld

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Europe Video

  • The FBI have stated that North Korea's government is responsible for the Sony attack. Neil Ashdown, deputy head of Asia analysis at IHS, weighs in, saying that it's difficult to "definitively attribute" a hacking attack to a particular group or state.

  • What were the main highlights of the EU Summit in Brussels? CNBC's Hadley Gamble gives you the lowdown.

  • Carnival Cruises earnings have beaten expectations in its fourth quarter, with lower fuel prices being a great help, says David Dingle, UK chairman of Carnival Cruises.