11/10/2006 Exchange is delighted to welcome Experian Group Limited and Home Retail Group plc to the Main Market
11 October 2006 The London Stock Exchange is delighted to welcome Experian Group Limited and Home Retail Group plc to the Main Market
The demerger of GUS plc’s two remaining businesses Experian Group Limited and Home Retail Group plc on 10 October 2006, was the culmination of the GUS strategy, begun in 2000, of focusing on businesses with above-average growth potential and enabling shareholders to participate directly in their futures.
Trading in the shares of Experian Group Limited and Home Retail Group plc began on the London Stock Exchange on 11 October 2006.
GUS was a long-established UK conglomerate founded in 1900 and, for many years, was one of the best performing stocks on the London Stock Exchange. In 2000, the company embarked on a new strategy aimed at delivering long-term shareholder value by focusing on a small number of businesses with above-average growth potential. Other parts of GUS were to be disposed of over time and the proceeds reinvested. By 2003, GUS had been successfully repositioned around three major businesses – Experian, Home Retail Group (formerly Argos Retail Group, the UK’s leading home and general merchandise retailer) and Burberry (an international luxury brand).
GUS recognised that there were no compelling synergies between these businesses and that their eventual separation was likely to create the most value for shareholders. In December 2005, GUS completed the demerger of Burberry and, in March 2006, announced the separation of its two remaining businesses, Experian and Home Retail Group.