Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.
By Josh White
Date: Thursday 01 Oct 2020
LONDON (ShareCast) - (Sharecast News) - Kingfisher has completed the sale of Castorama Russia to local home improvement chain Maxidom, it confirmed on Thursday, for a total consideration of RUB 7.4bn (£73m).
The FTSE 100 firm said the total consideration would be satisfied with 80% paid at closing, and the remaining 20% to be paid in equal instalments over two years.
It said the sale had been granted all the required regulatory approvals, and completed on 30 September.
"I am pleased to announce the completion of the sale of Castorama Russia to Maxidom," said chief executive officer Thierry Garnier.
"I would like to thank our Castorama Russia colleagues for their contribution to Kingfisher and wish them well for the future."
At 0944 BST, shares in Kingfisher were up 0.03% at 296.8p.
|52 Week High||321.40p|
|52 Week Low||124.05p|
Compare performance with the sector and the market.
|Time||Volume / Share Price|
|16:51||57 @ 270.40p|
|16:51||89 @ 270.40p|
|16:51||2,525 @ 270.40p|
|16:35||6,496,681 @ 270.90p|
|16:29||488 @ 271.20p|