Original article by Julie-anne Sprague, Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 25-Jun-15
Wesfarmers will pay $US100m ($A129m) for a 27.4 per cent stake in a special-purpose vehicle that holds the Quadrant Energy stakes of Angela Bennett and Macquarie Capital. This in turn will give Wesfarmers a 13.7 per cent stake in Quadrant, which was previously known as Apache Australia and owns oil and gas assets in Western Australia. Wesfarmers MD Richard Goyder describes the Quadrant stake as a stand-alone investment for the conglomerate.
CORPORATES
WESFARMERS LIMITED – ASX WES, QUADRANT ENERGY PTY LTD, MACQUARIE CAPITAL PTY LTD, APACHE CORPORATION, AMB HOLDINGS PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, CSBP LIMITED, BROOKFIELD ASSET MANAGEMENT INCORPORATED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, NEXUS ENERGY LIMITED, BEACH ENERGY LIMITED – ASX BPT, DRILLSEARCH ENERGY LIMITED – ASX DLS