Wesfarmers Limited (AU:WES) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.
For further insights into AU:WES stock, check out TipRanks’ Stock Analysis page.
