Original article by Sue Mitchell
The Australian Financial Review – Page: 26 : 22-Oct-15

The Masters Home Improvement joint venture is expected to post a loss of $A236m in the next year, following a loss of $A245m in fiscal 2015. Deutsche Bank estimates that Woolworths could boost its profits by around five per cent by exiting the Masters venture. It could also make a net cash gain of $A161m, while joint venture partner Lowe’s would make a gain of $A80m. Woolworths has invested $A2.2bn in Masters to date.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, LOWE’S COMPANIES INCORPORATED, DEUTSCHE BANK AG, MORGAN STANLEY AUSTRALIA LIMITED, CITIGROUP PTY LTD