We have obtained clarity regarding Travis Perkins’ plan to demerge Wickes, the key takeaway being that the business will be spun-off as a publically-traded company by June 2020. While it remains to be seen if the separately-listed retail business would revive / perform better over time, the enhanced focus on trade-customers is likely to benefit Travis Perkins’ shareholders in the mid-term.
13 Aug 2019
Update on the Wickes demerger
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Update on the Wickes demerger
Travis Perkins plc (TPK:LON) | 727 54.5 1.0% | Mkt Cap: 1,545m
- Published:
13 Aug 2019 -
Author:
Mohit Rathi -
Pages:
3
We have obtained clarity regarding Travis Perkins’ plan to demerge Wickes, the key takeaway being that the business will be spun-off as a publically-traded company by June 2020. While it remains to be seen if the separately-listed retail business would revive / perform better over time, the enhanced focus on trade-customers is likely to benefit Travis Perkins’ shareholders in the mid-term.