Wolseley 'exploring options' for French businesses

Plumbing and heating products distributor Wolseley has said that the difficult market conditions in Continental Europe in the third quarter have continued and it is now exploring strategic options for the future of its businesses in France.

Plumbing and heating products distributor Wolseley has said that the difficult market conditions in Continental Europe in the third quarter have continued and it is now exploring strategic options for the future of its businesses in France.

"Wolseley's strategy is to focus on businesses where it can establish leading positions in attractive markets and consistently generate good returns for shareholders. In this context, we have decided to explore strategic options for the future of our businesses in France," the firm said on Tuesday morning.

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