Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Kingfisher Approached for French Electronics Chain
Nov 4, 2002
 Printable format
 Email this Article
 Search

Kingfisher Plc, the home- improvement retailer which
plans to sell shares in its consumer electronics division next year, has been approached by parties interested in buying its French electronics chain BUT. The retailer received at least four bids for BUT, valuing the chain at as much as 480 million pounds (U.S. $751 million), the
Financial Times said. Bidders include Eurazeo SA, an investment unit of Lazard LLC, and PAI Management, a buyout firm 49-percent owned by BNP Paribas SA, the newspaper said.

"We're now examining these offers and deciding whether to take this process forward,'' Duncan Campbell-Smith, a spokesman for Kingfisher. The company wants to shed its electronics chains, including the UK's Comet and Promarkt in Germany, to focus on home improvement units such as Britain's B&Q and Castorama in France. It has said it plans to sell shares in the electronics division in France during the second quarter of next year.

Back to Daily News

 

Daily News

...........................................................

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows