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Wolseley look to raise £1bn

Builders merchant group Wolseley could launch a billion-pound rights issue within the next week, according to City rumours.

The move is to help with the company’s debts of £3bn and they are also expected to announced ‘significant’ write downs at Stock Building Supplies, their US merchanting business which is currently suffering.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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