Kingfisher buys Castorama to create DIY superpower
Friday, 12 July 2002
The UK retailer Kingfisher has had its Euro5.1billion bid for the rest of Castorama, the French DIY group, accepted by shareholders.
It follows a decision that the bid was "fair" by an independent bank assessor, Rothchilds. Kingfisher may now purchase the 44.5 per cent share of Castorama Dubois Investissements that it doesn’t already own. According to reports, competition hurdles will be cleared soon. The deal is being looked at by the European Commission.
PREMIUM Subscription required to view this article
This content can only be accessed by PREMIUM GCR subscribers.
A premium subscription includes 10 issues of the journal, 2 signature surveys - The GCR100 and Rating Enforcement, 10 GCR special reports and full access to current and archived print & online content.
If you are a GCR subscriber, please login to access this content:
Comments
You must Subscribe or Log In to make comments.
Comment Terms & Conditions
Back to top