Woolworths to Spin Off Stores Into A$1.4 Billion Property Trust

Woolworths to Spin Off Stores Into A$1.4 Billion Property Trust

Sergio Dionisio/Bloomberg

The planned spinoff and share sale, which was reported in the Australian Financial Review two days ago, will improve the company’s return on capital by about 60 basis points, according to Sydney-based UBS AG analyst Ben Gilbert.