31st Jan 2007 16:06
Home Retail Group Plc31 January 2007 31 January 2007 Home Retail Group plc Disposal of Whiteaway Laidlaw Bank Home Retail Group plc, the UK's leading home and general merchandise retailer,today announces it has completed the disposal of Whiteaway Laidlaw Bank. ThisManchester-based commercial bank offers banking facilities to small businessesand personal customers. Manchester Building Society has acquired WhiteawayLaidlaw for cash consideration of approximately £5m, a sum which is broadly inline with the net assets of the business being disposed. The disposal of Whiteaway Laidlaw leaves Home Retail Group's Financial Servicesbusiness focused on its core operation of working in conjunction with Argos andHomebase to provide their customers with the most appropriate credit offers todrive product sales in the retail businesses. Enquiries Analysts and investors (Home Retail Group) Richard Ashton Finance Director 01908 600 291Stuart Ford Head of Investor Relations Press (Finsbury)Rollo Head 020 7251 3801Alice Macandrew This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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