Kingfisher Completes Sale Of Brico Dépôt Romania

Further to the announcement of 18 December 2024, Kingfisher plc, the international home improvement company, today announces that it has completed the sale of its Brico Dépôt Romania business to Altex Romania for an enterprise value of €70m (equivalent to £59m1 ).

Thierry Garnier, Kingfisher CEO, said: "The sale of Brico Dépôt Romania, now completed, enables us to have greater strategic focus on markets and growth initiatives where we are strongly positioned to deliver attractive returns and create shareholder value. It also allows us to continue to provide our Own Exclusive Brands to customers in Romania.

"I would like to thank all Brico Dépôt Romania colleagues for their commitment and customer focus over the years and I wish them well under the new ownership."

Source : Kingfisher

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