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The demerger: Does it deliver?

On Friday, October 5, Wesfarmers released over 200 pages of documents related to its proposed $20 billion demerger of Coles, after the Supreme Court of Western Australia ordered a shareholder vote on the matter. If shareholders approve the plan, which is also subject to court and regulatory approvals, Coles will commence trading as one the 30 largest listed companies in Australia on November 21. The documents revealed several key pillars that Coles said would position the business for success ov