Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on Google
Kingfisher has agreed to sell its Brico Depot Romania business to Altex for $74 million, including 31 stores, with completion expected in 2025/26.
LONDON (Reuters) - European home improvement retailer Kingfisher said on Wednesday it has agreed the sale of its Brico Depot Romania business to Altex Romania for an enterprise value of 70 million euros ($73.56 million).
It said the disposal, including a network of 31 stores in 24 cities, distribution operations, and head office in Bucharest, is expected to complete in the first half of Kingfisher's 2025/26 year.
($1 = 0.9516 euros)
(Reporting by James Davey; Editing by Tomasz Janowski)
The main topic is Kingfisher's sale of its Brico Depot Romania business to Altex Romania for $74 million.
The Romanian unit is being purchased by Altex Romania.
The sale is expected to complete in the first half of Kingfisher's 2025/26 year.
Explore more articles in the Finance category
