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Several prospective buyers for Homebase and Bunnings UK

The British Homebase chain has belonged to Bunnings for two years and thus to the Australian Wesfarmers group.

The British Homebase chain has belonged to Bunnings for two years and thus to the Australian Wesfarmers group.

There are reported to be several prospective buyers for Homebase. The ailing British chain of DIY stores has belonged to Bunnings for two years and thus to the Australian Wesfarmers group who wishes to sell off its loss-making commitment in Great Britain and Ireland. This was reported by Sky news who specifically mentioned three names.

The most controversial of these is probably Opcapita. This investment company owned the electronics retailer Comet, which went bust in 2012, shortly after coming into ownership by Opcapita. In addition, the news service names the financial investors Endless and Alteri, who see themselves as transformational investors. For example Alteri writes on its website: "We are focused exclusively on investing in challenging situations in the European retail sector."

|14 May 2018


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