Core Insights - Fnac Darty has announced a full buy-in of the Comet Pension Scheme in the UK, securing its liabilities through a £330 million agreement with Canada Life UK [2][3] - This transaction transfers the financial risk of future pension payments to a highly rated insurer, marking a significant de-risking milestone for the company [3] - The agreement ensures that member benefits remain unchanged and has no material impact on the Group's cash position [4] Financial Implications - The £330 million buy-in provides greater cost certainty and strengthens Fnac Darty's long-term financial position [3][5] - The transaction was completed under favorable market conditions, reflecting the company's strategic financial planning [5] Company Overview - Fnac Darty is a European leader in omnichannel retail, focusing on consumer electronics, domestic appliances, and cultural products, with over 30,000 employees and more than 1,500 stores across several European countries [6] - The company reported revenues exceeding €10.5 billion in 2024, including the Italian leader Unieuro, and is expanding its European footprint with a focus on omnichannel services and sustainability [6]