FILE PHOTO: A person carries a television outside a Currys store in London, Britain, November 22, 2021. Picture taken November 22, 2021. REUTERS/May James/File Photo
(Reuters) -Investment management firm Elliott Advisors is planning to acquire British electricals retailer Currys for 700 million pounds ($881.9 million), Sky News reported on Saturday.
It was unclear whether Elliott had made a formal proposal to the Currys board, the report added.
Last month Currys forecast full-year profit ahead of market expectations after stable gross margins and cost savings offset a fall in underlying sales over the Christmas trading period.
Elliot Advisors declined to comment on the Sky News report, while Currys did not immediately respond to a Reuters request for comment.
Last year U.S.-based Elliott also offered bids for fashion chain Reiss and cosmetics retailer The Body Shop which did not go through.
($1 = 0.7938 pounds)
(Reporting by Surbhi Misra in Bengaluru; Editing by Mark Heinrich and Jan Harvey)
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