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Article: RETAIL: KINGFISHER CLEARED TO TAKE OVER CASTORAMA.(Brief Article)
- Article from:
- European Report
- Article date:
- September 4, 2002
CopyrightCOPYRIGHT 2002 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European Commission has cleared the five billion Euro takeover of the French home improvement chain Castorama Dubois Investissements S.C.A, by British retailer Kingfisher plc. The operation was examined under the simplified merger review procedure, whereby there are no complaints from third parties. In 1998, Kingfisher took a 55% stake in Castorama in return for the French firm ...