Ireland’s Smyths Toys Superstores has entered into a definitive deal to acquire Toys”R”Us’s operations in Germany, Austria and Switzerland for an estimated aggregate purchase price of \u20ac79 million ($96.6 million).<\/p>\n
Toys”R”Us’s sale of its Central European business is subject to the approval of the U.S. Bankruptcy Court for the Eastern District of Virginia. Under the agreement, which includes a cash-free and debt-free basis, Smyths Toys plans to rebrand the stores under their own banner.<\/p>\n
Meanwhile, subsidiary Toys”R”Us-Delaware has signed a stalking horse share purchase deal with Fairfax Financial Holdings to sell the equity interests of Toys”R”Us Canada. If the transaction is approved, the shares would be sold for a base purchase price of C$300 million ($234 million).<\/p>\n","protected":false},"excerpt":{"rendered":"
Ireland’s Smyths Toys Superstores has entered into a definitive deal to acquire Toys”R”Us’s operations in Germany, Austria and Switzerland for an estimated aggregate purchase price of \u20ac79 million ($96.6 million).<\/p>\n","protected":false},"author":479,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[21],"tags":[3633,3526],"class_list":["post-14246","post","type-post","status-publish","format-standard","","category-top-stories","tag-smyths-toys-superstores","tag-toysrus","pmpro-has-access"],"yoast_head":"\n