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Romanian retail giant Altex's founder buys Brico Dépôt Romania for €70 million from Kingfisher.
Dan Ostahie, founder of Romanian retail giant Altex, has agreed to buy Brico Dépôt Romania from British company Kingfisher for €70 million.
The deal includes 31 stores and debt totaling nearly €90 million.
Kingfisher, facing a retail loss of £18 million in the region last year, plans to complete the sale in the first half of 2025.
This acquisition could boost Ostahie's market presence and lead to new local partnerships.
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El fundador del gigante minorista rumano Altex compra Brico Dépôt Rumanía por 70 millones de euros a Kingfisher.