Dixons Retail to sell Equanet operations

Electronics company Dixons Retail has announced plans to sell its Equanet operations to Kelway, the London based IT solutions and services provider.

The disposal, which is expected to complete by late March, comprises the IT reseller activities based in Bury along with the Equanet brand name.

Sebastian James, the Chief Executive of Dixons Retail said: "The agreement to dispose of Equanet demonstrates further progress in refocusing our business on leadership positions in key markets and territories whilst at the same time, giving Equanet the opportunity to flourish in the specialist B2B market under the ownership of Kelway."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Dixons will continued to operate it PCWorld Business B2B offer online and in stores.

The share price fell 1.26% to 31.24p by 09:43.

NR