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Britain's Ferguson to sell UK business for $421 mln

by Maribel Mccue (2021-03-07)


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Jan 4 (Reuters) - Plumbing parts distributor Ferguson Plc said on Monday it has agreed to sell its UK-focused business to private investment firm Clayton, Dubilier & Rice for about 308 million pounds ($421.65 million).

The British company, which had been mulling to demerge Wolseley UK since 2019 to focus on its main U. If you want to read more information regarding Full Spectrum Plumbing Services offers residential and commercial plumbing solutions throughout Rock Hill. Whether you need to replace your water heater review our own web site. S.

business, said it intends to pay a special dividend from the net proceeds of the sale. ($1 = 0.7305 pounds) (Reporting by Shanima A in Bengaluru; editing by Uttaresh.V)