PARIS, March 25 (Reuters) - French DIY stores chain MrBricolage said on Wednesday that hurdles plaguing itstakeover by Kingfisher hinged mostly on the number ofstores its larger British rival had offered to sell to winclearance from anti-trust authorities.
"The Board of Directors of Mr Bricolage believes that hadthe commitments proposed by Kingfisher been implemented, itwould have led a large number of stores under the Mr Bricolageand Les Briconautes brands to exit France definitively and,furthermore, to the termination of Mr. Bricolage grouprelationships with certain affiliated non-brand stores, beyondwhat had been anticipated by the parties," the statement said.
Mr Bricolage said it would communicate about anydevelopments regarding the merger plan as soon as possible.
Until then Mr Bricolage shares remain suspended. (Reporting by Andrew Callus; editing by Michel Rose)
Kingfisher (KGF)
