Woolworths Group agreed to sell 5% of Endeavour Group's (ASX:EDV) issued capital via a block trade at $5.22 per share, yielding $468 million.

Woolworths will hold about 4.1% of Endeavour following the divestment.

Proceeds will be used for shareholder returns.

"We currently have no intention to sell the remaining stake but will continue to assess what we believe is in the best interests of Woolworths Group shareholders," said Woolworths CEO Brad Banducci.