Final spurt for Castorama acquisition

Kingfisher has been given the green light by the European Commission for acquiring the rest of the shares in Castorama Dubois Investissements that it does not already own. By the end of this month Kingfisher will submit to Castorama’s shareholders its official offer for the remaining 44.5 per cent of the French DIY multiple. The French stock market regulators still have to give their approval to the transaction.