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    Home > Finance > Home improvement retailer Kingfisher sells Romanian unit for $74 million
    Finance

    Home improvement retailer Kingfisher sells Romanian unit for $74 million

    Published by Global Banking & Finance Review®

    Posted on December 18, 2024

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Kingfisher has agreed to sell its Brico Depot Romania business to Altex for $74 million, including 31 stores, with completion expected in 2025/26.

    Kingfisher Agrees to Sell Romanian Unit for $74 Million

    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)

    Key Takeaways

    • •Kingfisher sells Brico Depot Romania to Altex.
    • •The sale is valued at 70 million euros.
    • •Includes 31 stores across 24 cities.
    • •Expected completion in first half of 2025/26.
    • •Transaction part of Kingfisher's strategic plans.

    Frequently Asked Questions about Home improvement retailer Kingfisher sells Romanian unit for $74 million

    1What is the main topic?

    The main topic is Kingfisher's sale of its Brico Depot Romania business to Altex Romania for $74 million.

    2Who is buying the Romanian unit?

    The Romanian unit is being purchased by Altex Romania.

    3When is the sale expected to complete?

    The sale is expected to complete in the first half of Kingfisher's 2025/26 year.

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