DGAP-News: mutares AG: With the acquisition of Grosbill, mutares forms a French champion in the European e-commerce market

DGAP-News: mutares AG / Key word(s): Expansion/Acquisition
mutares AG: With the acquisition of Grosbill, mutares forms a French
champion in the European e-commerce market

25.06.2015 / 08:51

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mutares AG (ISIN: DE000A0SMSH2) has acquired Grosbill SA from Groupe
Auchan.  Joint forces with Pixmania will create one of Europe's leading
online retailers for consumer electronics.

Grosbill SA (www.grosbill.com) is a French omni-channel distributor of
consumer electronics with a special focus on IT products. In 2014, it
generated sales of EUR 109m with 150 employees via its website and its
network of nine stores. After the review of the irrevocable offer submitted
by mutares for the acquisition of Grosbill, the workers' representatives of
the company voted in favour of the concept presented by mutares. The
transaction can be closed after the approval by the antitrust authorities.

The joint forces of Grosbill and Pixmania will create a French e-commerce
champion being present in 14 European countries. The market positions of
both companies are complementary in an ideal way. The outstanding
recognition of both brands combined with their operational excellence are
their key differentiators and growth drivers.

The trust of Groupe Auchan, one of the French blue chips, in the expertise
of mutares and its capability to sustainably develop Grosbill is the result
of mutares' outstanding track record in France. After the foundation of the
office in Paris, there has been a significant increase in the French M&A
dealflow. Therefore, mutares expects to conclude at least one additional
acquisition in France this year.

Company profile of Groupe Auchan

Groupe Auchan (www.groupe-auchan.com) operates in 16 countries, employs
330,700 people and generated EUR 63.0 billion in revenue in 2014. Groupe
Auchan is organized into five core businesses: hypermarkets, supermarkets,
Immochan, Banque Accord, and Auchan E-commerce.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, that are being
sold in the course of a repositioning process at their owners and that show
a clear operational improvement potential. Getting engaged with its own
teams, mutares actively supports its portfolio companies to achieve a clear
value increase. The focus of the operational work is to ensure sustainable,
long-term growth. The shares of mutares AG are traded in the Open Market of
the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN:
DE000A0SMSH2).

For further information, please contact:

mutares AG
Christoph Himmel
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de



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25.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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371865 25.06.2015