Kingfisher issues statement regarding Kingfisher’s potential acquisition of Mr Bricolage

LONDON, 2015-3-26 — /EPR Retail News/ — Kingfisher notes the suspension of the shares of Mr Bricolage on the French stock exchange. Kingfisher has been working with the Board and major shareholders of Mr Bricolage in relation to the outstanding condition surrounding Kingfisher’s potential acquisition of Mr Bricolage.  Kingfisher has been made aware that both the majority of the Board of Mr Bricolage and the ANPF, a major shareholder of Mr Bricolage, have reservations in relation to the transaction but has yet to receive clarification of their positions. The Tabur family, another major shareholder and signatory to the agreement, has confirmed that they remain committed to the transaction.

The implications for the transaction are currently uncertain. Kingfisher will update investors in due course.

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