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Wesfarmers to buy Homebase for 340m

2016-01-18 08:15:51| BBC News | Business | UK Edition

Australian retail giant Wesfarmers agrees to buy UK DIY chain Homebase from Home Retail Group for 340m.

Bunnings to roll out in UK: Wesfarmers buys Homebase for $752 million

2016-01-18 06:05:42| Agriculture - Topix.net

Wesfarmers will spend over a billion dollars rolling out the Bunnings hardware brand to the United Kingdom and Ireland within five years, following the NZ$752 million acquisition of home improvement chain Homebase. The Coles owner confirmed on Monday that Homebase's parent company, Home Retail Group, had approved its bid for the chain, which is the second largest in its market.

Tags: million roll buys homebase

Getting to Homebase Isn't That Exciting

2016-01-14 06:38:44| Agriculture - Topix.net

David Fickling is a Bloomberg Gadfly columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.

Tags: that exciting homebase

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.

Tags: home sale cash retail