Kingfisher PLC
9 February 2000
Kingfisher plc announces German DIY e-commerce investment
Kingfisher plc, the European retail group, announces the purchase of a 22.5%
minority share in Virtueller Bau-Markt AG, the operator of heimwerker.de, the
leading German DIY e-commerce firm.
As Europe's largest DIY operator, Kingfisher is continuing to build its
presence in continental Europe by store expansion and new channels of
distribution to consumers.
The investment, through Kingfisher's DIY subsidiary Castorama, will fund a
significant marketing drive to further allow heimwerker.de to exploit its
number one position in the German market. Virtueller Bau-Markt AG was formed
in October 1998 and has nominal net assets.
Notes to Editors :
* Kingfisher expects to see sourcing and promotion opportunities across
its DIY brands, particularly Castorama, B&Q and Screwfix.
* Kingfisher's strategy is to invest in e-commerce opportunities
outside its current brand activities, where it sees opportunities for
value and learning.
* It is expected that Virtueller Bau-Markt AG will go to IPO within the
next 18 months should targeted plans be achieved.
* Kingfisher and Castorama will be represented on the Virtueller
Bau-Markt AG board.
* Other shareholders in Virtueller Bau-Markt AG include Burda, one of
Germany's leading media and publishing groups, and Peter Faisst, the
founder.
For further information
Kingfisher plc + 44 (0) 171 724 7749
Web-site address www.kingfisher.co.uk
Media Enquiries
Gwen Gober, Director of Corporate Affairs + 44 (0) 20 7725 5714
Broker and Institutional Enquiries
Keith Williams, Director of Investor Relations + 44 (0) 20 7725 5776
France
Gail Lavielle, Shandwick France + 33 (1) 44 90 53 53
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