by Property Forum | Investment

British group Kingfisher PLC, a European DIY chain present in Romania through the Brico Depot brand, acquired Praktiker Romania, which currently operates 26 units and is one of the largest DIY retailers in the country. PeliFilip assisted Kingfisher PLC.


Kingfisher entered the Romanian market in 2013 through the purchase of Bricostore stores. With this latest acquisition, the British group is set to strengthen its position in a growing market.
 
“The acquisition of Praktiker Romania gives us a strong presence throughout the country. We will continue investing in all stores,” said Adela Smeu, CEO of Brico Depôt Romania.