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
