EY Romania advised Kingfisher on divestment of Brico Depot Romania to Altex
During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.
During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.
Altex Romania retailer has purchased DIY network Brico Dépôt Romania from Kingfisher in a deal worth €70 million. The closing is expected to take place in H1 2025.
Currently, the central office in Bucharest is home to 654 employees, the Timisoara office has 270 specialists and the Cluj-Napoca office has 124.
2024 brought a 5% increase in new car registrations and re-registrations, while registrations of imported used cars rose 11%.
The unit in Vernesti is part of the 5th phase of the Romania Eficienta program, supported by OMV Petrom with €7.6 million.
Softeh Plus will move its headquarters in Timpuri Noi Square starting this spring.
Focus in 2025 on expanding the network, a new factory in Târgu Neamț, team reorganization, new products, digitalization.