Travis Perkins Sells Toolstation Benelux to Fidelium Partners for €1
RBC Capital Markets analysts say the sale is preferable to potential closure costs of €50 million to €70 million. The company will inject around £35 million.
Travis Perkins selling Toolstation Benelux to Fidelium Partners for 1 euro is a good result and preferable to likely closure costs of 50 million to 70 million euros, RBC Capital Markets analysts Andrew Brooke and Karl Green say. The building materials distributor will inject around 35 million pound…