The British group increased the share capital of companies Brico Development and Brico Foncier by EUR6.5 million each, EUR5.2 million were brought into Bricostore Romania, while Brico Imobiliare Calarasi benefited from a capital raise of EUR3.2 million, according to Trade Registry data.
The group paid 63 million pounds (EUR75 million) to acquire Bricostore in Romania and operated additional investment of GBP5 million to integrate operations.
In mid-March the group completed the rebranding of Bricostore units of Orhideelor and Pantelimon, but its officials did not disclose the costs related to the transformation of the units into Brico Depot warehouses.
One of Kingfisher’s priorities this year is to take the rebranding process further and the group hopes to complete the process in two years at the latest.
(English version by Catalina Apostoiu)