Original article by Sue Mitchell
The Australian Financial Review – Page: 24 : 12-Mar-15

Australian-listed Woolworths has invested an additional $A30m in its Masters Home Improvement joint venture, while Lowe’s has contributed $A15m. The two groups have now invested more than $A3bn in the loss-making venture in the last five years. Masters posted a loss of $A112m in the first half of 2014-15, but Woolworths intends to press ahead with plans to open 6-11 new stores annually

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, LOWE’S COMPANIES INCORPORATED, MERRILL LYNCH (AUSTRALIA) PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, DANKS HOLDINGS LIMITED, CHARTER HALL GROUP – ASX CHC, HOST-PLUS, SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP – ASX SCP