16 Mar 2018 --- Australian conglomerate, Wesfarmers is planning to demerge its Coles supermarket division which is expected to create a new top 30 company listed on the Australian Securities Exchange. The demerger, which is subject to shareholder and other approvals, would create a company with leading positions in supermarkets, liquor and convenience, strong cash generation capability to underpin dividend distributions and an earnings profile which is expected to be resilient through economic cycles, according to Wesfarmers.
