Council currently owns WHL. WHL currently owns DWL and WRL. Under Council’s proposal:
- WHL will distribute the shares that it holds in WRL to Council (this will mean that Council will directly hold 100 per cent of the shares in WRL); and
- WHL and DWL will merge and continue as DWL (this will mean that Council will directly hold 100 per cent of the shares in DWL).
Read more in the consultation document.