Wesfarmers Limited (AU:WES) has released an update.
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Wesfarmers Limited has announced the sale of its Coregas business to Nippon Sanso Holdings Corporation for $770 million, expecting a substantial pre-tax profit from the transaction. This strategic divestment is aimed at enhancing shareholder value and aligns with Wesfarmers’ focus on portfolio management. The sale is anticipated to conclude by mid-2025, pending regulatory approvals.
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