Wesfarmers to sell 5.2% stake in Coles

Wesfarmers to sell 5.2% stake in Coles

Australia’s Wesfarmers Ltd says it will sell a 5.2 per cent stake in Coles Group, the supermarket chain it spun off in 2018, in a bid to retain a more flexible balance sheet amid uncertainty posed by the coronavirus outbreak. In a statement, Managing Director...