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Announced

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Wickes Group completed the acquisition of a 51% stake in Gas Fas.

Synopsis

Wickes Group, a company that retails home improvement products, completed the acquisition of a 51% stake in Gas Fas, a central heating & boiler specialist. Financial terms were not disclosed. "I am delighted to announce our acquisition of a majority stake in Solar Fast, a leading operator in the emerging and exciting market for energy saving solutions. This acquisition enables us to accelerate our Design & Installation growth lever, capitalising on our expertise in installing major home improvement projects," David Wood, Wickes Chief Executive.

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