23
PRO INSTALLER APRIL 2014
PRO NEWS
@proinstaller1
Kingfisher in talks
to buy French DIY
chain, Mr Bricolage
Kingfisher, Europe’s No. 1 home improvement retailer, has launched a 275 million euros (227 million pounds)
takeover bid for France’s Mr Bricolage, moving to strengthen its position in its most profitable market.
The firm, which runs
market leader B&Q
in Britain and already
trades as Castorama
and Brico Depot in
France, said on Thursday it had entered into
exclusive negotiations
with the main investors
of Mr Bricolage to buy
their shareholdings.
It has proposed to acquire 41.9 percent of the
share capital of Mr Bricolage from the Association
Nationale des Promoteurs
de Faites Le Vous-Mene
(ANPF), a group of franchisees, and 26.2 percent
from the Tabur family, at
an agreed price of 15 euros
per share.
Construction
workers invited
to Staffordshire
safety event
The Health and Safety
Executiv