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Britain's Ferguson to sell UK business for $421 mln

Jan 4 (Reuters) - Plumbing parts distributor Ferguson Plc said on Monday it has agreed to sell its UK-focused business to private investment firm Clayton, Dubilier & Rice for about 308 million pounds ($421.65 million).

The British company, which had been mulling to demerge Wolseley UK since 2019 to focus on its main U.S. business, said it intends to pay a special dividend from the net proceeds of the sale. ($1 = 0.7305 pounds) (Reporting by Shanima A in Bengaluru; editing by Uttaresh.V)

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