Office Depot (ODP) to Sell European Business to The AURELIUS Group
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Office Depot Announces Deal to Sell European Business to The AURELIUS Group
September 23, 2016 12:10 PM EDTBOCA RATON, Fla.--(BUSINESS WIRE)-- Office Depot, Inc. (NASDAQ: ODP) today announced that it intends to sell its European business to The AURELIUS Group.
Office Depot had previously disclosed its intention to explore strategic alternatives regarding its European business, under a process that began earlier this year.
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 chief executive officer for Office... More
