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Office Depot sells European business to Aurelius Group

September 27, 2016

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Office Depot, Inc. announced an agreement to sell its European business to investment firm The Aurelius Group.

The transaction is an equity sale, for nominal consideration, with Aurelius acquiring the European business with its assets and liabilities; annual revenue for Office Depot’s European business is some EUR 2 billion, accordion to a press release. Additional financial details were not disclosed.

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