Bids start coming in for Bunnings/Homebase
Bids from interested parties have started to come in for Homebase/Bunnings as Wesfamers look to exit the UK.
Wesfamers are reported to be offering a large financial package to a new owner to help contend with its huge losses. That could exceed £100m.
Sky News has reported this morning that Opcapita has tabled an offer for Homebase. Others are expected to foolow.
See the full Sky News report here