Original article by Patrick Hatch, Sue Mitchell
The Australian Financial Review – Page: 13 : 19-Jan-16

Wesfarmers has acquired British-based home improvement chain Homebase. The $A705 million deal involves taking over Homebase’s 265 stores. Wesfarmers MD of home improvement John Gillam said the Australian conglomerate intends to invest Stg500 million ($A1.03 billion) on expansion of the chain in the UK and Ireland within five years.

CORPORATES
WESFARMERS LIMITED – ASX WES, HOMEBASE, HOME RETAIL GROUP PLC, COLES GROUP LIMITED, BUNNINGS GROUP LIMITED, STANDARD AND POOR’S CORPORATION, JP MORGAN AUSTRALIA LIMITED