What to do with Wesfarmers' war chest?

Following the sale of its insurance broking arm, Wesfarmers now faces the rather pleasant dilemma of either returning capital to shareholders or looking for another group re-shaping acquisition.

With the $1 billion sale of its insurance broking and premium funding businesses Wesfarmers will exit the insurance sector with $3 billion of cash and a $1 billion profit. The key question for shareholders is what it does next.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles