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Woolworths Group Releases Independent Expert Report - Demerger of Endeavour Group

10 May 2021  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Demerger of Endeavour Group - Independent Expert Report

Woolworths Group announced the intention to combine its retail drinks business and ALH Group to create Endeavour Group (the Restructure and Merger) and pursue a separation of Endeavour Group through a demerger or other value accretive alternative (such as an initial public offering or sale to a third party). In March 2020, the separation of Endeavour Group was postponed as it prioritised its response to the COVID-19 pandemic amid a highly uncertain operating environment. However, work continued to prepare Endeavour Group to operate as a standalone business, including the implementation of partnership agreements with the Company.

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