January 22, 2015 / 7:21 AM / 3 years ago

Wolseley may exit French building materials business

LONDON (Reuters) - Plumbing supplies group Wolseley WOS.L said on Thursday it was considerng exiting its remaining building materials business in France, where trading has proved tough.

The British company, which runs the Plumb Center and Ferguson chains in the United States and Britain, said the business generated revenue and trading profit of 577 million pounds and 7 million pounds respectively in the year ended 31 July 2014.

It had net assets of approximately 130 million pounds.

Reporting by Kate Holton; editing by James Davey

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