Kingfisher wants to acquire Mr Bricolage

The British Kingfisher Group would like to acquire the French franchise group Mr Bricolage. Kingfisher is currently in negotiations with the two principal shareholders. The British side wants to buy 41.9 per cent of the share capital of Mr. Bricolage from the ANPF company, which belongs to the franchisees, and 26.2 per cent from the Tabur family, making a combined total of 68.1 per cent. Later on Kingfisher intends to acquire all the widely spread shareholdings as well. The value of the company as a whole, taking debt into account, is put at € 275 mio. Shares are to be priced at € 15 each.