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Wesfarmers Limited ( (AU:WES) ) has issued an announcement.
Wesfarmers Limited has announced the unconditional sale of its subsidiary, Coregas, to Nippon Sanso Holdings Corporation for $770 million, with the transaction expected to complete in July 2025. This sale is anticipated to result in a pre-tax profit of approximately $230 million to $260 million, impacting the company’s financial results for the 2025 fiscal year.
The most recent analyst rating on (AU:WES) stock is a Hold with a A$69.00 price target. To see the full list of analyst forecasts on Wesfarmers Limited stock, see the AU:WES Stock Forecast page.
More about Wesfarmers Limited
Wesfarmers Limited is a diversified corporation operating in various sectors, including retail, chemicals, energy, and fertilizers. The company is known for its broad market focus, providing a wide range of products and services across different industries.
Average Trading Volume: 1,447,840
Technical Sentiment Signal: Buy
Current Market Cap: A$95.47B
See more data about WES stock on TipRanks’ Stock Analysis page.