Australia's Wesfarmers to sell stake in Bengalla JV for $635m

Australia's Wesfarmers to sell stake in Bengalla JV for $635m

A shopper selects wood products at a Wesfarmers Ltd. Bunnings Warehouse store in Sydney, Australia, on Thursday, July 28, 2011. Photographer: Ian Waldie/Bloomberg

Australia’s Wesfarmers Ltd said on Tuesday it would sell its 40 percent interest in the Bengalla Joint Venture thermal coal mine project to partner New Hope Corporation Ltd for A$860 million ($635 million).

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