Staff Reporter
,
Australia
Photo by Patrick McLachlan via Pexels
The funds will be used to acquire the remaining 35% of PFD Food Services Pty Limited.
Australia's Woolworths Group has announced it will sell its remaining 4.1% stake in Endeavour Group through a block trade priced at $5.23 per share.
The sale, valued at $383m, will provide Woolworths with funds earmarked for acquiring the remaining 35% of PFD Food Services Pty Limited.
The company has confirmed that it holds no undisclosed information that could materially impact the price or value of Endeavour Group securities.
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