Shares of Wesfarmers (ASX:WES) rose nearly 1% on Friday morning trade after the company said in a late Thursday Australian bourse filing it met all conditions for the AU$770 million sale of its industrial gas business, Coregas, to a unit of Japan's Nippon Sanso Holdings, a supplier of industrial, electronic, and medical gases.
The sale is expected to be completed in July, and Wesfarmers expects a pre-tax profit in the range of AU$230 million to AU$260 million from the sale, the filing said.
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