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Grafton Group sells Belgian merchanting business

Grafton Group PLC said it completed the sale of its Belgian merchanting business to an affiliate of Germany-based AURELIUS Equity Opportunities SE & Co. KGaA on Oct. 4.

The Irish Times reported that the disposal price was £11 million.

The company agreed with the German private equity firm in August to sell its Belgian building materials merchants YouBuild and MPRO.

As part of the deal, Grafton will retain about £12.5 million worth freehold properties and plans to sell them in the future.