City Surprised As Wh Smith Sells Its Asian Arm for Gbp 47.5m
Linked as:
Summary
TAKEOVER target WH Smith has completed the sale of its Asia Pacific arm for a higher than expected GBP 47.5 million, allowing the retailer to focus all its attention on the UK.
The under-fire company agreed the deal with Australia's Pacific Equity Partners for a price way above analyst expectations of GBP 35m. The arm includes bookseller chains in Australia and New Zealand, as well as operations in Hong Kong.See the full content of this document
Extract
City Surprised As Wh Smith Sells Its Asian Arm for Gbp 47.5m
WH Smith finance director John Warren said on Thursday th...
See the full content of this document
Sponsored links
