Sale of Nomi stores in Poland

Kingfisher has sold its Nomi DIY stores in Poland. Enterprise Investors, an investment fund that apparently does business principally in central and eastern Europe, is paying PLN 45 mio (€ 10 mio) for the chain. The deal is subject to clearance by the Polish regulatory and competition authority. Kingfisher is expecting the go-ahead within two months. The 39 relatively small-format stores generated sales of £ 76.4 mio (€ 108.4 mio) in the last financial year to 1 February 2003. Following the sale, the UK group intends to concentrate on expansion in the country by means of its large-format Castorama brand.