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Woolworths to return up to $2b if drinks split approved

Woolworths to return up to $2b if drinks split approved Share Woolworths plans to hand back as much as $2 billion if shareholders approve the $12 billion demerger of its drinks and hotels business and could return even more capital if the newly independent Endeavour Group is embraced by investors. Woolworths chief executive Brad Banducci hopes the long-awaited demerger, which was proposed in July 2019 and postponed when venues had to close because of the pandemic, will be as successful as Wesfa...
Alex Freudmann Dan Murphy Holly Kramer Gordon Cairns Joanne Pollard Steve Donohue
Source: afr.com

Woolworths' Endeavour mulls Oakridge Wines

Woolworths’ Endeavour mulls Oakridge Wines Save Share Woolworths’ Endeavour Group is close to buying Yarra Valley winemaker Oakridge Wines from corporate power couple Ilana Atlas and Tony D’Aloisio, building up its cellar ahead of a $10 billion demerger in June. The acquisition, which is expected to be announced as early as Thursday, will strengthen Endeavour Group’s growing portfolio of fine wines. However, as Endeavour moves further up the value chain, making as well as se...
Chapel Hill South Australia New Zealand Mclaren Vale Dan Murphy Riddoch Coonawarra
Source: afr.com

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