NHC 2.87% $4.73 new hope corporation limited

News: NHC Wesfarmers Agrees To Sell 40 Pct Interest In Bengalla To New Hope Corp

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    Aug 7 (Reuters) - Wesfarmers Ltd (WES) :

    • AGREEMENT TO SELL 40 PER CENT INTEREST IN BENGALLA JV
    • DEAL FOR FOR $860 MILLION
    • CO WILL CONTINUE TO BENEFIT FROM EARNINGS AND CASHFLOW GENERATED FROM ITS INTEREST IN BENGALLA UNTIL COMPLETION OF TRANSACTION
    • ON COMPLETION , EXPECTS TO REPORT A PRE-TAX PROFIT ON SALE OF ABOUT $670 MILLION TO $680 MILLION SUBJECT TO COMPLETION ADJUSTMENTS
    • AGREED TO SELL ITS 40 PER CENT INTEREST IN BENGALLA JOINT VENTURE TO ITS JOINT VENTURE PARTNER NEW HOPE CORPORATION
 
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