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Coles shoulder: Wesfarmers hits sell on another $1.1b stake

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It's the end of an era at Wesfarmers – and Coles.

The conglomerate's 13-year run at Australia's second biggest supermarket chain is all but over.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com

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Original URL: https://www.afr.com/street-talk/coles-shoulder-wesfarmers-hits-sell-on-another-1-1b-stake-20200330-p54f5c