(Adds details, offer value form local media report)
April 5 (Reuters) - Australian retail conglomerate Wesfarmers Ltd (WES) late on Tuesday said it sold 2.1% interest in supermarket chain Coles Group (COL) , but did not disclose the total worth of the divestment.
Local media reports https://www.afr.com/street-talk/wesfarmers-dumps-500m-coles-stake-barrenjoey-nabs-trade-20220405-p5ab0t price the deal at A$17.75 per share, a 1.8% discount to its last close, valuing the transaction at A$500 million ($381.55 million).
Reuters could not independently verify the offer value, and Wesfarmers did not immediately respond to a clarification request.
Wesfarmers, which had spun off Coles in late 2018 https://www.wesfarmers.com.au/our-businesses/coles/coles-demerger, still retains its position as one of the top shareholders in Australia's no. 2 supermarket chain with a 2.8% stake https://www.wesfarmers.com.au/util/news-media/article/2022/04/05/wesfarmers-sells-2.1-per-cent-of-coles.
($1 = 1.3104 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))
News: COL UPDATE 1-Australia's Wesfarmers sells minority stake in Coles Group
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Last
$23.88 |
Change
0.120(0.51%) |
Mkt cap ! $32.03B | |||
| Open | High | Low | Value | Volume |
| $23.94 | $24.00 | $23.82 | $37.33M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2502 | $23.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.90 | 400 | 1 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| COL (ASX) Chart |