Australia's Wesfarmers sells struggling Britain's Homebase for £1
https://phys.org/news/2018-05-australia-wesfarmers-struggling-britain-homebase.html
It expects to record a loss of up to £230 million from the sale to British restructuring fund Hilco, which also owns Britain's largest music chain HMV.
Wesfarmers had already reported a £531 million write-down for Homebase for the six months to the end of 2017.
Australia's Wesfarmers sells struggling Britain's Homebase for £1
May 25, 2018, 7:23am UTC
https://phys.org/news/2018-05-australia-wesfarmers-struggling-britain-homebase.html
> It expects to record a loss of up to £230 million from the sale to British restructuring fund Hilco, which also owns Britain's largest music chain HMV.
> Wesfarmers had already reported a £531 million write-down for Homebase for the six months to the end of 2017.