24th May 2005 07:00
Walker Greenbank PLC24 May 2005 WALKER GREENBANK ANNOUNCES POTENTIAL SALE OF NORWEGIAN SUBSIDIARY Walker Greenbank PLC, the wallcoverings and furnishing fabrics group, announcesthat it has entered into a letter of intent with Eco-Borastapeter AB of Swedenfor the potential sale of its wholly owned Norwegian subsidiaries Borge HoldingsAS and John O Borge AS ("Borge"), a distributor of wallpapers and fabrics inNorway, based near Oslo. The Board of Walker Greenbank does not consider the business of Borge to be corebusiness for the Group as it is not a distributor for its three main brandsHarlequin, Sanderson and Zoffany. The purchase is subject to due diligence and the approval of the competitionauthorities in Norway, and is expected to complete in mid June 2005. Enquiries: J Sach Chief Executive Officer 01908 658009 J Wilson Company Secretary 01908 658089 I Seaton Bankside Consultants 0207 444 4157 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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