Woolworths sells remaining 4.1% stake in Endeavour Group for $383M, fully exits liquor retailer.

Woolworths has sold its remaining 4.1% stake in Endeavour Group for $383 million, fully exiting the liquor retailer that includes Dan Murphy's and BWS. This divestment follows a gradual reduction in its stake since Endeavour's spin-off in 2019. Woolworths plans to use the proceeds to acquire the remaining 35% of PFD Food Services. Following the announcement, Endeavour's share price fell by 6.9%, while Woolworths shares rose by 0.5%.