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Home Retail nears Homebase sale for GBP340m cash

2016-01-13 23:14:08| Agriculture - Topix.net

Home Retail has confirmed it is in advanced discussions to sell its Homebase arm to Australia's Wesfarmers Limited for A 340m cash, possibly paving the way for suitor Sainsbury's to swoop again for the company's Argos business. Home Retail, which rejected a takeover offer from Sainsbury's in November but remains a target for the grocer, said it had begun discussion with Perth-based Wesfarmers in September and received a firm offer letter in November.

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