Office Depot and Aurelius Group complete European operations-deal
Office Depot Europe operates in 14 countries across three main activities and brands and generates annual revenues of approximately €2bn.
US office supplies and services company Office Depot has completed the announced sale of its European operations to Aurelius Equity Opportunities. The transaction was structured as an equity sale, for nominal consideration, with the buyer acquiring Office Depot's European business with its assets and liabilities.
Office Depot Europe operates in 14 European countries with a staff of approximately 6,000. The business is based on three main activities and brands and generates annual revenues of approximately €2bn.
According to Office Depot, the transaction is part of the company's recently announced international divestiture strategy to focus on opportunities in its North American business.
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