01.05.2024 05:17:43 - dpa-AFX: Woolworths Group To Sell 5% Stake In Endeavour Group For A$468 Mln

CANBERA (dpa-AFX) - Australian supermarket chain Woolworths Group Ltd.
(WOW.AX) said it agreed to sell 5.0% of the issued capital of Endeavour Group
via a block trade at a price of A$5.22 per share, generating proceeds of A$468
million.

This transaction reduces Woolworths Group's ownership in Endeavour Group to
about 4.1%.

Woolworths Group has committed to retain its remaining shares in Endeavour Group
for a period of at least 60 calendar days, subject to customary exceptions.

Woolworths Group intends to use the proceeds to return capital to shareholders.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
WOOLWORTHS GROUP LTD. 886853 Frankfurt 19,800 07.06.24 08:20:00 +0,300 +1,54% 0,000 0,000 19,800 19,800

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