B&Q-owner Kingfisher has dropped plans to acquire French DIY rival to its Castorama chain, Mr Bricolage after it failed to obtain anti-trust clearance.
Anti-trust laws refer to illegal practices which restrain trade, such as mergers which may reduce the competitiveness of the market.
It has been reported that Kingfisher is looking at legal options after the agreed deal faltered, with one of Mr Bricolage’s biggest shareholders ANPF refusing any extension to the stated deadline for the agreement.
In a statement, Kingfisher said that it was “considering its options”.
