FRANKFURT, March 25 (Reuters) - Britain's Kingfisher is exiting its investment in German home improvement storeoperator Hornbach, which will increase the freefloat of its listed preference shares to 100 percent, theHornbach family said in a statement on Tuesday.
Kingfisher sold its 17.4 percent stake in Hornbach'spreference shares to an international circle of institutionalinvestors, it said.
Separately, the British retailer is selling the 25 percentplus 2 shares in Hornbach's unlisted ordinary shares it owns tothe Hornbach family. (Reporting by Kirsti Knolle; Editing by Maria Sheahan)
Kingfisher (KGF)
