Looks like I am sort of surprised:
"Following the successful acquisition of Coles, Wesfarmers intends to restructure the company
along the following lines:
• Coles’ Everyday Needs businesses – Food, Liquor and General Merchandise (K Mart)
– would be owned by Wesfarmers and its consortium partners, funds advised by
Pacific Equity Partners and Permira, and Macquarie Bank. Wesfarmers would hold
approximately 50 per cent of the Everyday Needs businesses, which will be majority
Australian-owned and which will be structured with typical private equity
characteristics.
• Wesfarmers would own Officeworks and Target outright.
Looks like I am sort of surprised:"Following the successful...
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