Caltex have announced Matthew Halliday has been appointed interim CEO, to replace Julain Segal, as they negotiate rival takeover bids. Mr Segal, who announced he would be retiring in August last year, will leave the company on March 2. Mr Halliday is currently chief financial officer at Caltex and his CFO position will be helmed […]
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The bidding war for Caltex is gaining steam, with UK based EG Group submitting a long-anticipated bid for the company. It comes just days after Caltex announced they had granted EG’s Canadian rival Couche-Tard due diligence following their third and final $8.8 billion bid for the company. EG’s bid is split as $3.9 billion in
Bidding war for Caltex ramps up Read More »
Caltex have agreed to allow Alimentation Couche-Tard (ATD) to undertake ‘due diligence’ as it weighs up the Canadian giant’s final takeover bid. C&I reported last week ATD had placed a final bid of $8.8 billion. The latest move, reported by Reuters, was outlined in a statement from the board to shareholders yesterday stating it was
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BP Australia have set an ambitious energy target, pledging to become a net zero company within 30 years. The company, who have also committed to more transparency, have stated their annual global greenhouse gas emissions at 55 million tonnes of CO2 equivalent (MteCO2e) and the oil and gas carbon as 360 MteCO2e. Among the measures
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Caltex Australia may have another takeover bid to contend with, according to Bloomberg. The media group have reported that the UK’s EG Group are potentially considering a takeover bid. According to the news, EG are currently working with a financial advisor to evaluate the viability of the bid. At this stage there is no move
EG reportedly considering Caltex Australia bid Read More »
It has been a big year for petrol news, with big company sell offs, new technologies and executive movements. So it’s of little surprise that petrol stories got you clicking in 2019 as C&I kept readers informed about the latest news. There was plenty of news from 7-Eleven, including the auction of 15 national stores
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