Travis Perkins
TPK · Main Market · Industrial Goods and Services · mcap £1,373m · 648.0p 1 open situation →
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Disposal of a part (break-up)
Sale of Toolstation Benelux
Agreed; awaiting works council consultation
Follows from Tender offer – proposed, closed 10 Apr 2025
On 10 Nov 2026 Travis Perkins agreed to sell its loss-making Toolstation Benelux business to Fidelium Partners for €1, with a final capital injection of about £35m. Completion is expected before the end of the year, subject to Dutch works council consultation. It will be reported as a discontinued operation in FY26.
- Price
- €1 cash consideration 10 Nov 2026 ↗
- Buyer
- Fidelium Partners 10 Nov 2026 ↗
- Business sold
- Toolstation Benelux; expected FY26 loss approximately £10m, excluded from Adjusted Operating Profit 10 Nov 2026 ↗
- Capital injection
- Final injection of approximately £35m into Toolstation Benelux by the Group 10 Nov 2026 ↗
- Conditions
- Completion of works council consultation process in the Netherlands 10 Nov 2026 ↗
- Timetable
- Completion expected before the end of 2026 10 Nov 2026 ↗
Next: Completion after Dutch works council consultation
- 10 Nov 2026 Agreed; awaiting works council consultation
Closed · 1
Company filings. Not investment advice.