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Office Depot completes sale of European operations

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Staff Writer | January 2, 2017
Office Depot completed the sale of its European business to The Aurelius Group.
Office Depot
Selling business   Since 2005 Aurelius has completed more than 70 transactions
This transaction is part of the company's recently announced international divestiture strategy to focus on opportunities in its North American business.

“The sale of our European business will allow us to streamline operations and focus our resources on markets that will provide the best opportunity to implement our recently announced three year strategic plan,” said Roland Smith, chairman and CEO of Office Depot said in September last year.

Since 2005 Aurelius has completed more than 70 transactions across Europe and specializes in investing in companies and corporate spin-offs, as well as complex divisional carve-outs from corporates.


 

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