Australian retail giant Wesfarmers to spin off, list Coles division

Australian retail giant Wesfarmers to spin off, list Coles division

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 retail giant Wesfarmers Ltd plans to spin off its supermarket chain Coles and list it on the country’s stock exchange, as the conglomerate seeks to boost growth by beefing up its remaining businesses.

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