Woolworths sells remaining 4.1% stake in Endeavour Group for $383m

The funds will be used to acquire the remaining 35% of PFD Food Services Pty Limited.

Australia's Woolworths Group has announced it will sell its remaining 4.1% stake in Endeavour Group through a block trade priced at $5.23 per share. 

The sale, valued at $383m, will provide Woolworths with funds earmarked for acquiring the remaining 35% of PFD Food Services Pty Limited.

The company has confirmed that it holds no undisclosed information that could materially impact the price or value of Endeavour Group securities.