India, Nov. 10 -- Travis Perkins Plc (TPK.L) Tuesday said that it has agreed to sell its Toolstation Benelux business as a standalone entity to Fidelium Partners for a cash consideration of 1 pound. The Group will provide a final capital injection of approximately 35 million pounds to strengthen the business's financial position as it makes the transition to independent ownership.
The UK-based supplier of building materials said that the transaction is expected to be completed before the end of 2026, subject to the completion of the applicable works council consultation process in the Netherlands.
Toolstation Benelux will be classified as a discontinued operation in the Group's fiscal 2026 financial statements. The company said that its e...