Australian retailer Woolworths plans to sell a 5% stake in Endeavour Group for A$468m.
Australian retailer Woolworths plans to sell a 5% stake worth A$468m ($303m) in Endeavour Group, the liquor store and pub operator it spun out three years ago. Woolworths will sell the shares at A$5.22 each, reducing its ownership of Endeavour to about 4.1%. Proceeds from the sale will be returned to Woolworths' shareholders.
April 30, 2024
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