DataRoom AM: Insurance transfer?

Wesfarmers reportedly mulls an insurance sale, while Saputo loses its front seat position in the fight for WCB.

Several analysts have spent years calling for Wesfarmers to divest some of its assets and it appears the conglomerate may finally be coming to the party. Speculation is swirling that a multi-billion dollar deal is brewing regarding an offload of its insurance business. Given the recent developments in this division, however, the news comes as a bit of a surprise.

Elsewhere, IPO action continues to balloon, investors make some large bets regarding the WCB takeover and Transpacific Industries seeks a buyer for its New Zealand business.

Wesfarmers, SPC Ardmona

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