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 […]
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Supermarket metro stores, new players and store partnerships proved the biggest retail news of the year for C&I readers. Taking out the top spot in our five biggest retail stories of the year was the news EG had been approved to buy out Woolworths Group’s 540 petrol and convenience sites in a $1.7 billion deal.
The year in retail news Read More »
Woolworths has reportedly done a deal to sell all 540 of its petrol stations across the country. The deal is worth $1.72 billion, and was sold to British company EG Group who operate around 4700 sites across eight countries, TheWest.com.au reported. The 15-year deal will still enable Woolworths customers to receive fuel discounts and earn rewards
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