Wesfarmers seeking to demerge Coles to facilitate growth for its other businesses

By James Harkness · 16 March 2018 · Locked

Wesfarmers seeking to demerge Coles to facilitate growth for its other businesses

Full details: Wesfarmers seeking to demerge Coles to facilitate growth for its other businesses

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Summary

Wesfarmers intends to demerge its Coles division, with the aim being to transform the supermarket chain into a separate, top 30 company on the ASX so it can focus on growth opportunities for its remaining businesses. Commenting on the proposed demerger, which is subject to shareholder and other approvals, Wesfarmers Managing Director Rob Scott said […]

Tags: Bunnings, Coles, demerger, Flybuys, Kmart, Officeworks, Wesfarmers