Home / News / Wolseley look to raise £1bn

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

Fiona Russell-Horne
Editor-in-Chief across the BMJ portfolio.

Check Also

ex-Speaker to speak-up at BMF Conference

John Bercow, the former Speaker of the House of Commons has been announced as Keynote …