Woolworths to wait before spinning off masters chain

 In Australia, NewZealand, Woolworths
WOOLWORTHSn will look to spin off its Masters hardware chain in the same fashion asn its planned $1.4 billion supermarket deal, once it has acquired more noutlets.

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nThe chief executive of Woolworths, Grant O’Brien, said yesterday that nthe group was a retailer first, so once it had an appropriately sized nportfolio of the home improvement chain, it would look to float.

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nHowever, he said it was still only a fledgling business, so any demerger would be be in the next few years. Sydeny Morning Hearld – Read More.

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