Sale of property

The French Mr Bricolage Group is going to sell its property assets to the Icade Group, with which it has been in partnership since 2005. The group operates 40 of the approximately 540 DIY stores itself; they are valued at around € 90 mio. The plan is for 95 per cent of the capital of the subsidiary company, L’Immobilier Mr Bricolage, to be transferred to Icade on 1 January 2008. This transaction will ensure Mr Bricolage has the financial means to continue its policy of growth.