Reported 1 day ago
Wesfarmers Ltd. has announced the sale of its industrial gas unit, Coregas, to a subsidiary of Nippon Sanso Holdings Corp. for A$770 million ($480 million). The company expects a pre-tax profit of up to A$260 million after the transaction, which is anticipated to close in mid-2025. This move aligns with Wesfarmers’ strategic focus on portfolio management, although it resulted in a 2.4% drop in the company’s shares during trading.
Source: YAHOO