May 25 (Reuters) - Wesfarmers Ltd WES.AX :
* AGREEMENT TO DIVEST HOMEBASE
* EXPECTS TO RECORD A LOSS ON DISPOSAL OF £200 MILLION TO £230 MILLION IN GROUP'S 2018 FULL-YEAR FINANCIAL RESULTS
* TO DIVEST HOMEBASE BUSINESS IN U.K. & IRELAND TO A CO ASSOCIATED WITH HILCO CAPITAL
* WILL PARTICIPATE IN A VALUE SHARE MECHANISM WHEREBY IT WOULD BE ENTITLED TO 20 PER CENT OF ANY EQUITY DISTRIBUTIONS FROM BUSINESS
* 24 BUNNINGS PILOT STORES WILL CONVERT TO HOMEBASE BRAND PROMPTLY FOLLOWING COMPLETION