S&P Global has advised Coles Group is set be added to the ASX200 on 20 November at a zero price.
Subject to final court and shareholder approval Wesfarmers (ASX:WES) will spin-off Coles Group (XASX:COL).
Wesfarmers will spin-off 1 share of Coles Group Limited for every 1 Wesfarmers share held.
Importantly, Coles will get a new spot among the top 200, and will therefore S&P Global will not need to remove a stock in its place, among the S&P/ASX 200.
Wesfarmers shares closed 2.84 per cent lower to $46.14 yesterday.