Australia’s Wesfarmers to buy online retailer Catch Group for $160m

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 Wednesday it has entered into an agreement to buy online retailer Catch Group Holdings Ltd for A$230 million ($159.9 million) in its bid to stave off competitors in the e-commerce space.

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