WLW Woolworths

    RNS Number : 0413J
  Woolworths Group PLC
  27 November 2008
   




    27 November 2008


    Woolworths Group plc


    Further to the announcement of 26 November 2008, the Board of Woolworths Group plc announces that discussions relating to the potential
sale of its retail business have now ended.

    Following, and as a consequence of the termination of those discussions, the boards of Woolworths plc and Entertainment UK Ltd have
concluded that there is no longer any prospect of those businesses being able to operate as a going concern. Accordingly, the boards of both
companies last night resolved to file petitions for administration in the High Court.

    Woolworths Group plc is not in administration and remains in discussions with BBC Worldwide relating to the possible sale of its 40%
interest in 2 Entertain Ltd.

    For further information, contact Susannah Voyle, Tulchan Communications:
    020 7353 4200

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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