Announced
Completed
Coles Group demerged from Wesfarmers.
Financials
Sources
Press release
Wesfarmers -
Presentation
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Investor presentation
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Letter to shareholders
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Press release
Wesfarmers -
Press release
Coles -
Press release
Wesfarmers -
Press release
Wesfarmers -
Tags
Food Retailers and Wholesalers
Completed
Public
Demerger
Australia
Single Bidder
retail stores
Spin Off
Friendly
Majority
Private Equity
Synopsis
Wesfarmers, an Australian conglomerate, headquartered in Perth, demerged its unit into Coles Group, an Australian public company operating numerous retail chains, in a deal valued at $11.8bn. Wesfarmers retained 15 % stake in Coles. “Demerging Coles enhances Wesfarmers’ prospects of delivering satisfactory returns to shareholders by shifting our investment weighting and focus towards businesses with higher future earnings growth prospects.” Wesfarmers Chairman Michael Chaney.
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