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By Sherin Sunny and Rishav Chatterjee
(Reuters) - Australian retailer Woolworths has decided to exit the owner of liquor store chain Dan Murphy's and BWS bottle shops, ending its long-standing relationship with Endeavour Group, about three years after spinning it off.
Australia's largest supermarket chain said on Monday it has agreed to sell its remaining 4.1% stake in the liquor store and pub operator via a block trade at a price of A$5.23 apiece to generate A$383 million ($258.75 million).
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>>> Read more: Australian retailer Woolworths exits Endeavour Group three years after spin-off
(Reuters) - Australian retailer Woolworths has decided to exit the owner of liquor store chain Dan Murphy's and BWS bottle shops, ending its long-standing relationship with Endeavour Group, about three years after spinning it off.
Australia's largest supermarket chain said on Monday it has agreed to sell its remaining 4.1% stake in the liquor store and pub operator via a block trade at a price of A$5.23 apiece to generate A$383 million ($258.75 million).
...
>>> Read more: Australian retailer Woolworths exits Endeavour Group three years after spin-off
