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Woolworths Limited (Woolworths) has agreed to sell its shareholding of 30,548,887 ordinary shares in The Warehouse Group Limited (WHS), which is held by Woolworths’ wholly-owned NZ subsidiary General Distributors Limited, to James Pascoe Limited at NZ$2.85 per share. 

The Directors of Woolworths have determined that the investment in WHS is no longer required as part of its New Zealand strategy.  

 

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