Kingfisher sells majority in B&Q China to Wumei

The British DIY-superstore concern Kingfisher plc, London (UK), is to sell 70% of the shares in the B&Q chain in China to the Chinese retail concern Wumei Holdings Inc., Peking for £140m (equivalent to €178.4m). Agreement on the sale had already been reached on 22 December 2014. The transaction is still subject to ...

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