Travis Perkins (TPK): Sale of Toolstation Benelux

This situation live

£1,373m · 648.0p · −1% since the first step

Disposal of a part (break-up)

Sale of Toolstation Benelux

Agreed; awaiting works council consultation

Next: Completion after Dutch works council consultation

Every step · 1

10 Nov 2026 Agreed; awaiting works council consultation – expects to complete the transaction before the end of the year, subject to completion of the applicable works council consultation process in the Netherlands. ↗

What is happening

Travis Perkins: Sale of Toolstation Benelux – Agreed; awaiting works council consultation. ['Agreed; awaiting works council consultation']

In short: 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.
Announced: 10 Nov 2026 · Agreed; awaiting works council consultation
Price: €1 cash consideration
Buyer: Fidelium Partners
Business sold: Toolstation Benelux; expected FY26 loss approximately £10m, excluded from Adjusted Operating Profit
Capital injection: Final injection of approximately £35m into Toolstation Benelux by the Group
Conditions: Completion of works council consultation process in the Netherlands
Timetable: Completion expected before the end of 2026

Completion after Dutch works council consultation.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

Also at Travis Perkins 0 open