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Wolseley sells off final Stock share

Plumbers merchant group Wolseley has sold its last interest in the US heavyside building industry.

Wolseley sells off final Stock share

The group completed the sale of its remaining minority shareholding in Stock Building Supply to The Gores Group for consideration of £15m.

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.

Wolseley sold the bulk of

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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