Ferguson has announced the disposal of the UK business for $420m. While we were expecting a higher price tag (c.$600m), the deal is unlikely to be a needle-mover due to the insignificant size of this segment (accounts for c.2% of the group’s valuation). However, this sale is a step in the right direction from a strategic perspective.
04 Jan 2021
Kicking off 2021 with the disposal of the UK business
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Kicking off 2021 with the disposal of the UK business
Ferguson Plc (FERG:LON) | 16,950 -28815 (-1.0%) | Mkt Cap: 34,377m
- Published:
04 Jan 2021 -
Author:
Vansh Mehta -
Pages:
2
Ferguson has announced the disposal of the UK business for $420m. While we were expecting a higher price tag (c.$600m), the deal is unlikely to be a needle-mover due to the insignificant size of this segment (accounts for c.2% of the group’s valuation). However, this sale is a step in the right direction from a strategic perspective.