The Woolworths Group (ASX:WOW) complete ALH merger

Company News

by Rachael Jones

The Woolworths Group (ASX:WOW) has completed the Restructure Scheme and ALH merger to combine its retail drinks business and ALH Group to create the Endeavour Group.

Effective from yesterday, the Woolworths Group holds 85.4 per cent of the combined Endeavour Group.

They will now consider options for the planned separation of Endeavour Group, which is expected to occur later this year.

Woolworths will continue to report the results of the Endeavour Drinks and Hotels segments separately.

Shares in the Woolworths Group (ASX:WOW) closed 1.34 per cent higher at $42.38 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.