News: GMG Coles Group Says Co Executed Definitive Contracts With Witron Australia Pty Ltd

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    Jan 24 (Reuters) - Coles Group Ltd (COL) :

    • EXECUTED DEFINITIVE CONTRACTS WITH WITRON AUSTRALIA PTY LTD TO DEVELOP TWO NEW AUTOMATED AMBIENT DISTRIBUTION CENTRES
    • COLES ALSO CONFIRMS IT WILL RECOGNISE A PRE-TAX PROVISION OF $146 MILLION IN ITS 2019 INTERIM RESULT AS A SIGNIFICANT ITEM
    • TOTAL CAPEX RELATING TO COLES' SUPPLY CHAIN MODERNISATION PROJECT FOR 2 AUTOMATED DISTRIBUTION CENTRES IS ABOUT $950 MILLION OVER 6 YRS
    • ENTERED INTO AGREEMENTS FOR LEASE CATERING FOR DEVELOPMENT OF DISTRIBUTION WITH A JOINT VENTURE OF GOODMAN AND BRICKWORKS LTD

    Source text : (http//bit.ly/2RLXoJG)

    (([email protected];))

 
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