Australian Food & Grocery Council

WESFARMERS ANNOUNCES INTENTION TO DEMERGE COLES AND SENIOR LEADERSHIP CHANGE

Wesfarmers today announced its intention to demerge its Coles division, subject to shareholder and other approvals.

The decision follows a review of the Wesfarmers portfolio and an assessment of the composition of its capital employed to support higher levels of future growth and total shareholder returns.

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