Demerged companies pay off in the long-term

Eleven years after being acquired by Wesfarmers, Coles Group has made a return to the Australian Securities Exchange, following a demerger. For investors, the dilemma is that they do not have much historical performance on which to judge the outlook…

Spinning off Coles a positive for shareholders

Macquarie Securities has thrown its support behind Wesfarmers’ plan to demerge Coles into a separate ASX listing, suggesting that the two new entities could be worth a combined value of around $49 or $50 a share, compared with the current…