Associated British Foods to Spin Off Primark as Stand-Alone Company
Associated British Foods (ABF.L) is spinning off its retail division, Primark, into a stand-alone company, with the demerger expected to be effective by the end of 2027. The move follows a structural review and is subject to regulatory approvals. The split aims to separate Primark from ABF's food business, which includes FoodCo, and both entities will be listed on the London Stock Exchange.
Topics: Company Structure Corporate Restructuring Retail Industry Spin-off Stock Market