Wires

PPR to unveil Fnac plans on Tuesday - source

PARIS, Oct 8 (Reuters) - PPR will announce itsplans for a possible stock market listing or spin-off of bookand CD retailer Fnac following a presentation to staff onTuesday, a source familiar with the matter said on Monday.

The plan will then be put to shareholders for approval atnext year's annual general meeting, the source said. PPR isexiting its retail business to focus on its luxury and sportslifestyle brands.

"PPR's board is due to meet tomorrow on the plan to splitfrom Fnac before it's presented to the brand's workers," thesource told Reuters. "The exit plan is not completely decided,it could consist of a spin-off or stock market listing."

PPR declined to comment. Shares in the group were up 2percent in early trading.

(Reporting by Pascale Denis; Writing by James Regan; Editing byBlaise Robinson)

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Keywords: PPR FNAC/