IN BRIEF: Travis Perkins pays GBP35 million to shed weak Benelux arm
Travis Perkins PLC - Northampton, England-based building materials supplier - Agrees to sell Toolstation Benelux as a standalone business for a token EUR1 to private equity firm Fidelium Partners. Travis also will make a final capital injection of GBP35 million into Toolstation Benelux to buttress its financial position ahead of the handover. Munich, Germany-based Fidelium Gmbh calls itself "a reliable partner for companies with potential for operational improvement". Toolstation Benelux is expected to make a loss of about GBP10 million in 2026, Travis says. It now will be reported as a discontinued operation, excluding that loss from the group's adjusted operating profit. Back in October, Travis had said it continued to "explore opportunities" for the Benelux arm amid its "challenging" performance. "This transaction will therefore support the group's return to growth in profitability and allow a redirection of its resources into more value-creating activities," Travis says on Tuesday. Read More