Dec 20 (Reuters) - Australian conglomerate Wesfarmers (WES.AX) , opens new tab on Friday said it would sell its industrial gas supply arm, Coregas, to Japanese multinational firm Nippon Sanso (4091.T) , opens new tab for A$770 million ($480.33 million).

Wesfarmers expects to report a pre-tax profit of around A$230 million to A$260 million from the deal.

Coregas distributes industrial, medical and specialty gases in cylinders and offers a wide range of bulk gases for medium-to-large users across Australia and New Zealand.

The deal is expected to be completed by mid-2025 and is subject to regulatory approvals.

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https://www.reuters.com/markets/commodities/wesfarmers-sell-coregas-japans-nippon-sanso-480-mln-2024-12-19/