WH Smith offloads Asia-Pacific arm

Struggling retailer WH Smith took a step in its restructuring today by unveiling an agreement to sell its Asia Pacific arm for £47m (€70m).

WH Smith offloads Asia-Pacific arm
Fri, 23 Apr, 2004 - 09:16

Struggling retailer WH Smith took a step in its restructuring today by unveiling an agreement to sell its Asia Pacific arm for £47m (€70m).

The announcement of a deal with Sydney-based Pacific Equity Partners came a day after WH Smith confirmed it was working on plans to sell the business.

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CourtsBusinessHeathrowPlace: AsiaPlace: SydneyPlace: AustraliaPlace: New ZealandPlace: Hong KongPlace: SingaporePlace: SwindonPlace: LondonPerson: WHOrganisation: Asia PacificOrganisation: WH SmithOrganisation: Pacific Equity PartnersOrganisation: Angus & RobertsonOrganisation: WhitcoullsOrganisation: TescoOrganisation: Permira
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