“After approval by the competent authorities, Fnac Darty announces that it has finalised the acquisition of MediaMarkt in Portugal, in accordance with the terms communicated”, according to a report by ECO.

The company's activity in Portugal will be fully consolidated in Fnac Darty's accounts from October 1st. In the 2021-2022 fiscal year, MediaMarkt Portugal's sales amounted to around 140 million euros.

“We are very pleased to complete this acquisition in Portugal, a particularly dynamic European territory, and to welcome to the Fnac Darty group 450 new employees, specialists in the electronics and household appliances segments”, said the executive president of Fnac Darty, Enrique Martinez.