petrol news Australia

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, […]

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Couche-Tard make final Caltex bid

Canadian conglomerate Couche-Tard have put forward their final bid for Caltex. Caltex confirmed this morning they had received the revised bid from Alimentation Couche-Tard (ATD) to acquire all shares at a price of A$35.25 per share (less dividends). The deal is estimated to be worth $8.8 billion. The higher bid follows Caltex sharing non-public information

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