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Supermarket giant Woolworths has announced plans to extract its massive liquor and hotel interests from the household brand with a view to sell the new entity by mid 2020.
The company will merge Endeavour Drinks, which includes Dan Murphy's and BWS, and ALH Group, which includes more than 300 pubs and 12,000 poker machinge, into the stand-alone Endeavour Group by the second half of the current financial year.
"Following the merger, Woolworths Group intends to pursue a separation of the business through a demerger or other value-accretive alternative ... in calendar year 2020," the company said in a release on Wednesday.