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WFAFY Wesfarmers Ltd (PK)

22.36
0.16 (0.72%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Wesfarmers Ltd (PK) USOTC:WFAFY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.16 0.72% 22.36 22.00 22.40 22.756 22.01 22.756 14,164 21:01:22

Wesfarmers Buys Into Quadrant Energy for US$100 Million

24/06/2015 8:32am

Dow Jones News


Wesfarmers (PK) (USOTC:WFAFY)
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From Jun 2019 to Jun 2024

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   By Ross Kelly 
 

SYDNEY--Australia's Wesfarmers Ltd. (WES.AU) said Wednesday it bought a 13.7% interest in oil and gas producer Quadrant Energy from Macquarie Group Ltd. (MQG.AU) for US$100 million.

Quadrant Energy holds assets in Western Australia state that Apache Corp. (APA) sold earlier this month to an equal joint venture between Macquarie and Brookfield Asset Management Inc. (BAM).

The Wesfarmers deal will reduce Macquarie's interest in Quadrant Energy to 36.3% from 50%.

Write to Ross Kelly at ross.kelly@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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