The Supreme Court of Western Australia has approved the demerger between Coles and Wesfarmers.
By November 21, Coles is expected to commence trading on ASX under the new ASX Code ‘COL’.
The move comes
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Wesfarmers releases scheme booklet detailing proposed Coles demerger
Wesfarmers Limited has released a scheme booklet detailing its proposed demerger of the Coles business.
The booklet was announced in early October, with the demerger expected to be completed in November
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Wesfarmers plans to make Coles a separate company
Wesfarmers has announced its intention to demerge its Coles division, subject to shareholder and other approvals.
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Wesfarmers profit up as new MD revealed
Wesfarmers half-year profit has increased by 13.2 per cent, while earnings for its Coles supermarkets dropped for the same period.
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Wesfarmers chief ‘disappointed’ by effects test introduction
The chief of Wesfarmers believes the effects test, introduced by the Government yesterday, is bad policy and has vowed that it will not affect the retail giant’s pricing policy.
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