Feb 19 (Reuters) - Coles Group Ltd COL.AX :
* ANNOUNCED THAT TRADES HAVE BEEN EXECUTED FOR SALE OF 4.9 PER CENT OF ISSUED CAPITAL OF COLES GROUP LIMITED
* DEAL FOR FOR TOTAL PRE-TAX PROCEEDS OF $1,050 MILLION.
* WESFARMERS EXPECTS TO RECOGNISE A PRE-TAX PROFIT ON SALE OF APPROXIMATELY $160 MILLION
* FOLLOWING SALE, WESFARMERS WILL HAVE A 10.1 % INTEREST IN COLES AND RETAINS RIGHT TO NOMINATE A DIRECTOR TO COLES BOARD