Altex acquires Brico Dépôt Romania from Kingfisher at EUR 70 mln enterprise value

Kingfisher plc, the international home improvement company, announced the sale of its Brico Dépôt Romania business to local electro-IT market leader Altex for an enterprise value of EUR 70 million. The deal includes Brico Dépôt’s network of 31 stores in 24 cities, distribution operations, and head office in Bucharest.

The sale is expected to be completed during the first half of the financial year 2025/26, subject to regulatory approval.