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BRIEF-Lowe's plans to exit home improvement JV in Australia

Published 18/01/2016, 11:31 pm
© Reuters.  BRIEF-Lowe's plans to exit home improvement JV in Australia

Jan 18 (Reuters) - Lowe's Companies Inc LOW.N :

* Plans to exit home improvement joint venture in Australia

* Says expects to record, in its fourth quarter ending January 29, 2016, a

non-cash impairment charge

* Says Lowe's net investment in the joint venture to date is approximately $930

million

* Says provided notification to Woolworths Ltd its jv partner in Australia, of

intent to begin process of exiting joint venture

* Source text for Eikon ID:nPn4Czjwm

* Further company coverage LOW.N

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