The board of directors of Fnac Darty has given the green light to a takeover bid for the group. The transaction involves a payment of 36 euros per share, valuing the company at 1.1 billion euros. The group, which operates FNAC and MediaMarkt stores across Portugal and Europe, has seen Czech tycoon Daniel Kretinsky hold a minority stake since 2021. Kretinsky, who owns Sparta Prague and has investments ranging from technology to media, is now seeking to increase his stake to over 50% of voting rights. He has launched a public takeover bid for the Paris-listed company, which the board has unanimously recommended. The group operates 1,500 stores in 14 countries, including around 50 in Portugal.