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Wesfarmers Coles sell-off

Wesfarmers are set to sell off a 4.9% stake in Coles Group. The sale would net the West Australian based company $1.05 billion, and equate to $16.08 per share. The sale is expected to be finalised tomorrow and Wesfarmers have stated they anticipate a (pre-tax) profit of $160 million. They will continue to hold a […]