Woolworths weighs pubs spin-off

Retailer has allegedly courted UBS, Goldman to advise on potential $600m float: report

Woolworths (WOW) is weighing a move to spin out a portfolio of pubs into a separately listed real estate vehicle valued at more than $600 million, The Australian Financial Review's Street Talk column reports.

According to the newspaper, the retail giant has already courted UBS and Goldman Sachs to advise on a second-half initial public offering, a move that would dramatically alter the make-up of Woolworths' lucrative hotels division ALH Group.

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