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
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
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
-
Klarna postpones US IPO as Trump's tariffs rattle marketsBuy-now-pay-later lender Klarna has postponed its US initial public offering owing to the market turbulence. It is not alone, says Matthew Partridge
-
Why stagflation now seems like America's "optimistic scenario"Investors have gone into tariff shock, and stagflation could now be the optimistic scenario for the US economy.
