UK DIY News
Travis Perkins Completes P&H Disposal
On 20 May 2021, Travis Perkins plc ("Travis Perkins" or the "Company") announced the disposal of its Plumbing & Heating distribution business to an affiliate of H.I.G. Capital for cash consideration of £325 million (the "P&H Disposal") and its intention to return the proceeds of such disposal to shareholders.
Travis Perkins is pleased to announce that completion of the P&H Disposal occurred on 30 September 2021. In accordance with the announcement on 21 September 2021, Travis Perkins will distribute the net proceeds of the P&H Disposal to shareholders through a combination of a special dividend and a share buyback programme.
Learn more about the disposal and Travis Perkins PLC's recent financial performance in the stories below:
Travis Perkins: P&H Disposal Satisfied; Commences Share Buy-Back
Travis Perkins: Robust Half-Year Performance
Travis Perkins Announces Directorate Changes
Source : Travis Perkins PLC
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