Companies in the timber industry / Daily News / Wood construction / Global
March 28, 2014

Kingfisher sells its shares in Hornbach

The family of entrepreneurs Hornbach has buyed back the minority interest that the British retail group Kingfisher plc owned in Hornbach Holding AG.    The British retailer sold the 25 percent plus 2 shares in Hornbach's unlisted ordinary shares it owns to the Hornbach family for approximately EUR 100 million. Separately, Kingfisher sold its 17.4 percent stake in Hornbach's preference shares to an international circle of institutional investors for EUR 135 million.     Some of the reasons for the withdrawal of Kingfisher in Hornbach are, on the one hand, the lack ...

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