Business
Completion of sale of Brico Dépôt Romania
Completion of sale of Brico Dépôt Romania.
About this update from Kingfisher Plc
[{"type":"text","content":"\n\nCompletion of sale of Brico Dépôt Romania\nFurther 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).\nThierry Garnier, Kingfisher CEO, said:\n\"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.\n\"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.\"\nEnquiries:\n\n\n\n\nInvestor Relations\n\n\n+44 (0) 20 7644 1082\n\n\[email protected]\n\n\n\n\nMedia Relations\n\n\n+44 (0)7773 129 567\n\n\[email protected]\n\n\n\n\nCompany Secretary \n\n\n+44 (0)7768 806 248\n\n\[email protected]\n\n\n\n\nNotes to Editors\n1. Figures presented in GBP use the following exchange rate: EUR 1.18: GBP1.00\nAbout Kingfisher\nKingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.74,000 colleagues. We operate in seven countries across Europe under retail banners including Screwfix, B&Q, Castorama, Brico Dépôt, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels www.kingfisher.com\nBetter Homes. Better Lives. For Everyone. At Kingfisher, we believe a better world starts with better homes and we strive to help make that happen.\nAbout Altex Romania\nAltex is a leading retail company in Romania, with over 130 stores nationwide. Over more than three decades since its establishment, Altex has grown from a local television import business into the market leader for electronics, home appliances, IT&C, and multimedia products in Romania. From the very beginning, Altex has been committed to offering high-quality products tailored to consumer needs and providing access...