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
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)
