June 12, 2019 / 12:16 AM / 8 days ago

Australia's Wesfarmers to buy online retailer Catch Group for $160 mln

June 12 (Reuters) - Australia’s Wesfarmers Ltd said on Wednesday it has entered into an agreement to buy online retailer Catch Group Holdings Ltd for A$230 million ($159.94 million).

Wesfarmers said, subject to completion, Catch Group will operate as an independent business unit.

The acquisition will be funded from its existing debt facilities, Wesfarmers said in a statement. ($1 = 1.4380 Australian dollars) (Reporting by Aby Jose Koilparambil in Bengaluru Editing by Paul Tait)

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