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Nov 10 2026, 07:45 GMT
Travis Perkins plc
Disposal of Toolstation Benelux
- Sectors : Builders Merchants
- Companies : Travis Perkins plc
DAVY VIEW
The disposal of the struggling Toolstation Benelux business has been expected for some time and, to that extent, will provide some relief, particularly removing its loss from continuing operations. A required £35m capital injection into the business prior to disposal will weigh on net debt forecasts for the year, but Travis Perkins (TPK) should remain within its 1.5-2.0x leverage target range.
