11 June 2018
Completion of divestment of Homebase
Wesfarmers today announced the completion of the divestment of the Homebase business in the United Kingdom and Ireland to a company associated with Hilco Capital.
The agreement to divest Homebase was announced on 25 May 2018 with expected completion by 30 June 2018. Wesfarmers expects to record a loss on disposal of £200 million to £230 million in the Group's 2018 full-year financial results, subject to finalisation of completion accounts and review by Ernst & Young.
For further information:
Media | Investors |
Cathy Bolt | Aleksandra Spaseska |
Media and External Affairs Manager | General Manager, Investor Relations |
+61 8 9327 4423 or +61 417 813 804 | +61 8 9327 4416 or +61 488 911 678 |
cbolt@wesfarmers.com.au | aspaseska@wesfarmers.com.au |
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Wesfarmers Ltd. published this content on 12 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 June 2018 22:57:04 UTC