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Travis Perkins Sells Toolstation Benelux for €1

Travis Perkins has agreed to sell its loss-making Toolstation Benelux arm to Fidelium Partners for €1, but will also make a final capital injection of about £35m of its own cash, with completion expected before the end of 2026.

Travis Perkins (LON: TPK), the UK building materials distributor, has agreed to sell Toolstation Benelux to Fidelium Partners for cash consideration of €1, and its shares were down 1.7% in morning trading. The group will also make a final capital injection of approximately £35m, so the deal costs it cash rather than bringing any in.

The shares were at 642.5p as of the 9.49am quote, down from yesterday’s close of 653.5p. They opened at 660p, touched 667p, then slipped to a low of 640.45p. The 52-week range is 493.4p to 723.5p.

TPK.LSE

The company announced the disposal in a statement at 7am, before the market opened. The £35m is intended to strengthen the unit’s financial position.

Completion is expected before the end of 2026 and depends on consultation with the Dutch works council, the only condition the company gave.

The unit will be reported as a discontinued operation in FY26, meaning a business being sold is shown separately from continuing profits. Its expected full-year loss of about £10m will be excluded from FY26 Adjusted Operating Profit, the company’s headline profit measure.

Travis Perkins says this will support a return to growth in profitability and let it redirect resources into more value-creating activities. The statement gives no timing for the £35m payment and no figure for any loss on disposal.

Line chart of Travis Perkins share price over three months to 10 November 2026
Travis Perkins shares over the past three months.

Gavin Slark, Chief Executive Officer of Travis Perkins, framed the sale as part of a wider simplification of the group:

The proposed divestment of Toolstation Benelux represents further progress in simplifying the Group’s operating model and supports our clear focus on being the UK’s leading distributor of building materials.

Gavin Slark, Chief Executive Officer, Travis Perkins plc

With the Dutch works council consultation still to run, completion is not yet assured.

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