B&Q owner Kingfisher sells off struggling Romanian division in £58m deal

Kingfisher has confirmed that it will sell its Brico Dépôt Romania operation for £58m following the decision to put the business up for sale last year.

The deal includes the entire portfolio of 31 Brico Dépôt stores across 24 Romanian cities, encompassing distribution operations and the head office in Bucharest, with completion expected in the first half of the next fiscal year, as reported by City AM.

Kingfisher's CEO Thierry Garnier has noted that