Wolseley Sells Shares In Stock Building Supply

ZURICH, Switzerland -- Wolseley plc announces that it has completed the sale of its remaining shareholding in Stock Building Supply to The Gores Group for consideration of £15 million.  The business was a minority interest for which no revenue or trading losses were recognised in the Group’s financial statements for the year to 31 July 2011.

ZURICH, Switzerland -- Wolseley plc announces that it has completed the sale of its remaining shareholding in Stock Building Supply to The Gores Group for consideration of £15 million.

 The business was a minority interest for which no revenue or trading losses were recognised in the Group’s financial statements for the year to 31 July 2011. The asset was held in the balance sheet at nil value.

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