Kingfisher PLC — M&A Activity 2015

Mar 24, 2015

National Storage Mechanism | Additional information

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RNS Number : 2786I

Kingfisher PLC

24 March 2015

24 March 2015

Kingfisher plc

Holding statement in relation to Mr Bricolage acquisition

Kingfisher notes the suspension of the shares of Mr Bricolage on the French stock exchange. Kingfisher has been working with the Board and major shareholders of Mr Bricolage in relation to the outstanding condition surrounding Kingfisher's potential acquisition of Mr Bricolage. Kingfisher has been made aware that both the majority of the Board of Mr Bricolage and the ANPF, a major shareholder of Mr Bricolage, have reservations in relation to the transaction but has yet to receive clarification of their positions. The Tabur family, another major shareholder and signatory to the agreement, has confirmed that they remain committed to the transaction.

The implications for the transaction are currently uncertain. Kingfisher will update investors in due course. 

Enquiries

Investors                                                                                             +(44) 20 7644 1032

Media                                                                                                 +(44) 20 7644 1030

This information is provided by RNS

The company news service from the London Stock Exchange

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