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Kingfisher ( (GB:KGF) ) just unveiled an update.
Kingfisher plc has announced the sale of its Brico Dépôt Romania business to Altex Romania for €70 million, expected to complete in FY 2025/26. This strategic move allows Kingfisher to focus on markets where it can deliver stronger returns, while Altex Romania plans to expand its presence in the DIY market, ensuring growth and innovation for the acquired business.
More about Kingfisher
Kingfisher plc is an international home improvement company with over 1,900 stores across eight European countries, operating under retail banners such as Screwfix, B&Q, Castorama, and Brico Dépôt. The company offers home improvement products and services to both consumers and trade professionals through its stores and e-commerce channels.
YTD Price Performance: 10.66%
Average Trading Volume: 6,644,782
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.64B
For an in-depth examination of KGF stock, go to TipRanks’ Stock Analysis page.
