Wesfarmers sells 2.1 per cent of Coles

Wesfarmers confirms that it has today sold part of its minority interest in Coles Group Limited (Coles). Following this sale, Wesfarmers has reduced its interest in Coles from 4.9 to 2.8 per cent. Since the demerger of Coles from Wesfarmers in November 2018, Wesfarmers has gradually reduced its shareholding in Coles. Wesfarmers and Coles continue the Flybuys joint venture, with both groups retaining a 50 per cent interest in Flybuys.