Wesfarmers to hang on to Officeworks

Conglomerate dismisses suggestions office products retailer should be sold.

Wesfarmers business Officeworks should be the next of the conglomerate’s operations to get placed on the block, according to one analyst.

But not so fast. Yes, Wesfarmers on Monday announced the sale of its insurance broking business for $1.16 billion to global giant Arthur J Gallagher.

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