Wesfarmers Coregas Sale Priced Well, But Immaterial -- Market Talk

Dow Jones

2024/12/20

0049 GMT - Wesfarmers has received a strong price for Coregas, according to E&P Financial. The company made the sale for roughly 21X historical earnings before tax, it says in a note. "However, in the context of the overall Wesfarmers Group, it is largely immaterial," E&P says. Wesfarmers is down 2.9% in Sydney at A$71.12. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

December 19, 2024 19:49 ET (00:49 GMT)

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(rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 19:49 ET (00:49 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}