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Viva Energy’s acquisition announcement

 

Viva Energy has announced they will acquire Westside Petroleum in full.

VEA acquired an initial 50% non-controlling interest in the petrol retailer in August 2018 and, following a successful expansion of Westside’s retail businesses, will proceed with acquiring the remaining shares.

Westside Petroleum operates a network of 50 service stations across New South Wales, Victoria and Queensland and displays a mix of both Shell and Westside branding.

The purchase will be subject to FIRB and ACCC regulatory approval.

VEA has said they will continue to grow their retail business plans and strengthen their Shell Card offering.

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