(Updates with further details and background from paragraph 2)
May 1 (Reuters) - Australian retailer Woolworths (WOW) on Wednesday said it was selling a 5% stake in Endeavour Group (EDV) , which operates liquor stores and pubs, generating proceeds of A$468 million ($302.98 million).
The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own about 4.1% of Endeavour, which it spun out as a separate company in 2021.
Woolworths said it would use the proceeds from the selldown to return capital to its investors and would provide an update at its full-year results on Aug. 28.
"We no longer believe that a material equity investment in Endeavour Group is required," Woolworths' outgoing CEO Brad Banducci said in a statement. ($1 = 1.5446 Australian dollars)
- Forums
- ASX - By Stock
- News: EDV UPDATE 1-Australian retailer Woolworths to sell $303 mln stake in Endeavour Group
(Updates with further details and background from paragraph 2)...
Featured News
Add EDV (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.07 |
Change
0.020(0.40%) |
Mkt cap ! $9.080B |
Open | High | Low | Value | Volume |
$5.04 | $5.09 | $5.03 | $20.77M | 4.098M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 89929 | $5.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.07 | 42897 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3369 | 5.320 |
1 | 3627 | 5.300 |
4 | 547 | 5.200 |
1 | 53 | 5.190 |
1 | 1290 | 5.180 |
Price($) | Vol. | No. |
---|---|---|
4.820 | 11 | 2 |
4.880 | 5315 | 2 |
4.920 | 20692 | 1 |
4.940 | 24 | 1 |
4.950 | 3134 | 1 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
$5.05 |
  |
Change
0.020 ( 0.01 %) |
|||
Open | High | Low | Volume | ||
$5.04 | $5.09 | $5.04 | 1316047 | ||
Last updated 15.59pm 21/05/2024 ? |
Featured News
EDV (ASX) Chart |
The Watchlist
AUQ
ALARA RESOURCES LIMITED
Stephen Gethin, Non-Executive Director & Chairman
Stephen Gethin
Non-Executive Director & Chairman
Previous Video
Next Video
SPONSORED BY The Market Online