Aug 13 (Reuters) - Australia's Wesfarmers WES.AX said on Monday said it would sell its Kmart Tyre and Auto Service business to Germany's Continental AG CONG.DE for A$350 million ($254.94 million).
Wesfarmers added in a statement it expected a pre-tax profit on the sale in the range of A$270 million to 275 million upon completing the deal.
The sale comes as the conglomerate divests assets in the midst of its biggest portfolio reshuffle in a decade. = 1.3729 Australian dollars)