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News: STO Wesfarmers Sells 13.2 Pct Interest In Quadrant Energy To Santos

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    Aug 22 (Reuters) - Wesfarmers Ltd (WES) :

    • AGREEMENT TO SELL 13.2 PER CENT INTEREST IN QUADRANT ENERGY
    • HAS AGREED TO SELL ITS 13.2 PER CENT INDIRECT INTEREST IN QUADRANT ENERGY HOLDINGS PTY LTD TO SANTOS
    • WESFARMERS EXPECTS TO REPORT A PRE-TAX PROFIT ON SALE OF APPROXIMATELY US$98 MILLION
    • DEAL FOR NET PROCEEDS OF US$170 MILLION
 
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