Wesfarmers buys in Britain

Wesfarmers’ long-awaited international acquisition has landed. Surprisingly, it might be a half-decent move.

Wesfarmers will almost certainly make another major acquisition at some stage’, we said in Wesfarmers counts on Chaney from 8 Dec 15 (Hold – $38.66). As management had been making noises about expansion internationally, there was a strong chance it might be overseas.

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