BRIEF-Currys To Sell Holding Co of Greece, Cyprus Retail Business For EUR200 Mln

Currys PLC: * PROPOSED DISPOSAL OF KOTSOVOLOS

* PROPOSED DEAL FOR ENTERPRISE VALUE OF EUR 200 MILLION * NET CASH PROCEEDS OF DISPOSAL ARE EXPECTED TO BE APPROXIMATELY £156 MILLION (EUR 179 MILLION) AT COMPLETION

* DISPOSAL WAS UNANIMOUSLY AGREED BY BOARD TO BE IN BEST INTERESTS OF SHAREHOLDERS * IN SHORT TERM, BOARD INTENDS TO USE PROCEEDS TO REDUCE NET DEBT

* AFTER PEAK TRADING, TO ENTER TALKS WITH PENSION TRUSTEES FOR POTENTIAL TO REDUCE PENSION FUND'S ACCOUNTING NET DEFICIT, FUTURE CONTRIBUTIONS * WILL ALSO EXPLORE POTENTIAL TO RETURN ANY SURPLUS CAPITAL TO SHAREHOLDERS Source text for Eikon: Further company coverage: