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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 and Finance Review

Posted on December 18, 2024

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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)

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