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 Wesfarmers’ demerger of Coles. Endeavour CEO Steve Donohue and Woolworths’ CEO Brad Banducci. Dalla...
Source: afr.com