March 5 (Reuters) - Coles Group Ltd (COL) :
- ENTER INTO INCORPORATED JOINT VENTURE IN RESPECT OF COLES' HOTELS AND QUEENSLAND RETAIL LIQUOR BUSINESS
- WILL RECEIVE CASH CONSIDERATION OF APPROXIMATELY $200 MILLION AT COMPLETION
- ESTABLISHMENT OF QUEENSLAND VENUE CO, JV COMPANY IN WHICH COLES AND AVC WILL OWN AN EQUAL NUMBER OF SHARES
- UNDER JV, AVC WILL MANAGE DAY-TO-DAY OPERATIONS OF SPIRIT HOTELS AND WILL RECEIVE ECONOMIC BENEFIT OF THIS BUSINESS
- ON COMPLETION, COLES TO RECEIVE PROCEEDS OF ABOUT $200 MILLION WHICH IS EXPECTED TO RESULT IN ASSOCIATED BOOK LOSS ON SALE OF ABOUT $20 MILLION
- ENTERED INCORPORATED JOINT VENTURE WITH AUSTRALIAN VENUE CO IN RELATION TO COLES' HOTELS BUSINESS, SPIRIT HOTELS
Source text: bit.ly/2ThvSog
(([email protected];))
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$23.97 |
Change
0.090(0.38%) |
Mkt cap ! $32.15B | |||
| Open | High | Low | Value | Volume |
| $23.77 | $24.06 | $23.67 | $37.00M | 1.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 943 | $23.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.02 | 448 | 1 |
View Market Depth
| Last trade - 16.10pm 15/09/2025 (20 minute delay) ? |
| COL (ASX) Chart |