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Woolworths clinches R1.4bn property sale to help pay off Australia business debt

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The disposal of the property is part of the group's review of its capital structure of its Australasian entities – which include the reduction of borrowings.

The disposal of the property is part of the group’s review of its capital structure of its Australasian entities – which include the reduction of borrowings.

In a shareholder notice issued on Monday, shortly after markets closed, Woolworths said the disposal proceeds are due to be received in early August. The disposal of the property is part of the group’s review of its capital structure of its Australasian entities – which include the reduction of borrowings, it said.

 

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