ABF to Separate Primark from Food Assets
Associated British Foods (ABF.L) plans to split its retail arm Primark from its food operations, aiming to enhance long-term shareholder returns. The demerger is expected to be completed by the end of 2027, with both entities retaining ABF's majority ownership by Wittington Investments. The move is intended to improve investment clarity and growth opportunities for each business.
Topics: Company Strategy Corporate Restructuring Shareholder Value Stock Market