PeliFilip assisted the British group, Kingfisher PLC, one of the largest European DIY chains present in Romania through the Brico Depot brand, in the acquisition of Praktiker România, which currently operates 26 units and is one of the largest DIY retailers in the country. Last week, the acquisition of Praktiker by the Kingfisher Group was successfully completed.
Kingfisher entered the Romanian market in 2013 through the purchase of Bricostore stores, a transaction in which they were assisted as well by the PeliFilip lawyers. With this latest acquisition, the British group is set to strengthen its position in a growing market.
“We appreciate that we were once again by Kingfisher’s side in a new acquisition and we are convinced that this transaction represents an excellent moment in the development of their business in Romania”, said Alexandru Bîrsan, Partner PeliFilip.
The PeliFilip team was coordinated by Alexandru Bîrsan (Partner) and Oana Bădărău (Partner) and included Cătălin Suliman (Partner), Eliza Baias (Senior Associate), Mădălina Fildan (Senior Associate) and Silviu Vasile (Associate). PeliFilip worked in this transaction alongside Freshfields, one of the most important law firms in Great Britain and the international lawyers of the buyer.