Wesfarmers sells ALWA stake

Group to offload stake in WA JV and associated interest for $95m pre-tax profit.

Wesfarmers (WES) will sell its 40% interest in the Western Australian-based industrial gas producer and supplier ALWA, as well as its associated interest in the Kwinana Industrial Gas Joint Venture (KIGJV).

In a statement to the Australian Securities Exchange, Wesfarmers said its chemicals, engineering and fertilisers division will sell the assets to Liquide Australia Ltd (Air Liquide) for a pre-tax profit of $95 million.

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