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Office Depot completes divestment of its European operations
US office supplies and services company Office Depot has recently completed the announced sale of its European operations to Aurelius Equity Opportunities. According to Euwid, the transaction was structured as an equity sale, for nominal consideration, with the buyer acquiring Office Depot's European business with its assets and liabilities.
Office Depot Europe operates in 14 European countries with a staff of approximately 6,000.
According to Office Depot, the transaction is part of the company's recently announced international divestiture strategy to focus on opportunities in its North American business.