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Woolworths set to sell stake in Endeavour Group for $636 million

(Source: Woolworths)
Australian supermarket giant Woolworths Group is selling a 5.5 per cent stake in Endeavour Group for $636 million. Woolworths spun off Endeavour Group – its then drinks and hotels business – in mid-2021 and the company has since grown strongly on its own. After the sale, Woolworths retains just 9.1 per cent of the business. In a statement, Woolworths GroupCEO, Brad Banducci said: the decision to reduce its stake follows a successful transition from ownership to partnership, with the group
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