Last checked at 15 Mar 2018 07:00
15 March 2018
FERGUSON PLC
Competition clearance received for the disposal of Stark Group
Ferguson plc is pleased to confirm that Lone Star Funds has now received the appropriate clearance from the relevant competition authorities to acquire Stark Group. As a result, Ferguson expects the transaction to complete at the end of March 2018.
For further information please contact
Ferguson plc
Mike Powell, Group Chief Financial Officer | Tel: | +41 (0) 41 723 2230 |
Mark Fearon, Director of Corporate Communications and IR | Mobile: | +44 (0) 7711 875070 |
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Media Enquiries |
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Mike Ward, Head of Corporate Communications | Mobile: | +44 (0) 7894 417060 |
Nina Coad, Tim Danaher (Brunswick) | Tel: | +44 (0) 20 7404 5959 |
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Notes to editors:
Ferguson plc is the world's largest specialist trade distributor of plumbing and heating products to professional contractors principally operating in North America and the UK. Ongoing revenue for the year ended 31 July 2017 was $18.8 billion and ongoing trading profit was $1.3 billion. Ferguson plc is listed on the London Stock Exchange (LSE: FERG) and is in the FTSE 100 index of listed companies. For more information, please visit www.fergusonplc.com.
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