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

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Europe Video

  • Albert Essien, CEO of Ecobank, talks about the biggest challenges the bank faces, and investment opportunities in Africa.

  • Emma Hogan, Britain correspondent at The Economist, talks about the U.K. elections in terms of risks for markets, Scottish independence and the possibility of a hung parliament.

  • Advertising giant WPP is set to announce its full-year earnings next week. Thomas Singlehurst, head of European media equity research at Citi, discusses what to expect.