SYDNEY (XFN-ASIA) - Woolworths Ltd, Australia's largest retailer, may pursue multi-billion dollar acquisitions and has a team examining opportunities around the world, chief executive Michael Luscombe told Australian Broadcasting Corp's Inside Business program.
'We try to keep a balance sheet that is flexible to enable us to take opportunities should they arise,' Luscombe said on Sunday's program on ABC TV.
Asked if Woolworths could return about 2 bln aud in funds to shareholders or pursue acquisitions, he said: 'In terms of acquisitions, we could do several times that magnitude.'
Woolworths, which earns most of its income from supermarkets and liquor sales, is currently seeking regulatory approval to buy New Zealand's The Warehouse Group Ltd.
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