Australia's Wesfarmers requests trading halt pending spin-off

Reuters

Oct 5 (Reuters) - Australian conglomerate Wesfarmers Ltd requested a trading halt on its shares on Friday, in relation to its plans to spin off a business.

Wesfarmers announced plans to spin off its supermarket chain Coles in March, a business that analysts estimate is worth about A$16 billion ($11 billion).

The demerger is expected to complete in November.

Referenced Symbols: WES

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