Kingfisher yesterday moved closer to taking full control of French DIY chain Castorama, after the UK groups shareholders voted overwhelmingly in favour of a £2bn rights issue to fund its £3.4bn bid for the 45% it does not own.
Rothschild, the independent bank chosen to assess the offer, has until 7 July to provide its “fairness” option on the bid.
Financial Times 08/06/02 page 14
Daily Telegraph 08/06/02 page 27, The Times Business 56, The Guardian 08/06/02 page 20, The Independent 08/06/02 page 23
