A major Currys shareholder is urging the electricals retailer to sell its mobile phones division, ID Mobile, in the aftermath of two abandoned takeover attempts. 


Currys shareholder JO Hambro is pushing for the sale of its mobile phones division

JO Hambro, a fund manager that holds a 4.5% stake in Currys, wants it to offload the division that sells phone contracts, valued at around £350m, according to The Sunday Times.

Last month, Currys was at the centre of two takeover attempts – one by US investor Elliott and another by Chinese retailer JD.com – both of which it walked away from

Curry’s eighth biggest shareholder Hambro urged the retailer to hold out for at least £1bn from a sale. 

The investor, which has upped its holding in the retailer since the activity began, said in a letter to investors: “The pressure will now be on the board to realise shareholder value, where our favoured option would remain the sale of ID Mobile.”