Lowe's announces sale of canadian retail business to sycamore partners

Mooresville, n.c. , nov. 3, 2022 /prnewswire/ -- lowe's companies, inc. (nyse: low) today announced that it has entered into a definitive agreement to sell its canadian retail business to sycamore partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred consideration.
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