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Woolworths sold in $1.7bn deal

Woolworths Group Limited has announced EG has been approved to acquire the Group’s 540 petrol and convenience sites.

The Foreign Investment Review Board (FIRB) confirmed there was no objection by the Commonwealth, regarding the acquisition.

Woolworths Group intends to return up to $1.7 billion to shareholders.

Woolworths said further details will be announced following the completed acquisition.

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