Wesfarmers Ltd (WES.AX)
30 May 2017
* announced three senior executive appointments as part of group's leadership transition next financial year.
* announced details of service agreement and remuneration terms for incoming group managing director Rob Scott when he succeeds Richard Goyder
SYDNEY Australia's Wesfarmers Ltd canceled a potential $1.1 billion IPO of its office supplies unit, underscoring uncertainty in a retail sector hit by weak spending and the slated arrival of online shopping giant Amazon.com Inc .
* Wesfarmers hoped to raise up to A$1.5 bln from Officeworks IPO
SYDNEY, May 17 Australia's Wesfarmers Ltd said on Wednesday it was dropping an initial public offering (IPO) of its Officeworks stationary division which it had hoped would raise as much as A$1.5 billion ($1.1 billion).
* Determined that IPO of Officeworks at this point in time would not realise appropriate value and would not be in best interests of shareholders Source text for Eikon: Further company coverage:
SYDNEY Glencore said on Tuesday it has begun a sale process for its Tahmoor coking coal mine ahead of plans to halt operations next year, adding to a growing number of collieries on the block in Australia.
SYDNEY, May 9 Glencore said on Tuesday it has begun a sale process for its Tahmoor coking coal mine ahead of plans to halt operations next year, adding to a growing number of collieries on the block in Australia.
SYDNEY, May 5 The sale of two Rio Tinto coking coal mines in Australia is attracting scores of interested buyers as private equity and public companies compete for a foothold in one of the year's hottest commodities, four sources familiar with the matter said on Friday.
SYDNEY Australia's Wesfarmers Ltd is hoping to raise as much as A$1.5 billion ($1.12 billion) by spinning out its Officeworks stationary division in an initial public offering, a broker who saw the float's marketing materials said on Monday.