Woolworths Group Ltd (AU:WOW) has released an update.
Woolworths Group has finalized the sale of its remaining stakes in Endeavour Group for $5.23 per share, amounting to a total of $383 million. The proceeds from this sale will be used to acquire the remaining 35% of PFD Food Services Pty Limited. This strategic move is aimed at optimizing Woolworths Group’s investment portfolio and funding further expansion.
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