United Croydon North sells for a healthy profit
United Croydon North has been sold off market for $7.78m after being sold for $6.36m in 2018, a 22.2 per cent net uplift for the vendor.
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sale
Viva Energy Australia buys Liberty Oil
It’s official, Viva Energy Australia are now the complete owners of Liberty Oil’s wholesale business. The acquisition of the remaining 50% was approved by the Australian Competition and Consumer Commission in October. Viva have said the sale will allow them to extend further support to regional communities and see the company, an an entity
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7-Eleven earns $78m for 15 petrol stations
Fuel and convenience retailer, 7-Eleven Australia has netted $78 million in its one-day auction extravaganza of 15 petrol stations around the country. Nearly 350 turning up at live-linked auction events this week in Sydney and Melbourne conducted by portfolio specialists Burgess Rawson. The 7-Eleven stores were spread across New South Wales, Victoria, Canberra and Western
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7-Eleven selling 15 outlets at auction
Convenience and fuel retailer Russell Withers’ 7-Eleven group will sell 15 7-Eleven sites around the country in a one-day auction. The prominent sites will be sold by auction specialists Burgess Rawson at live-linked events in Sydney and Melbourne on 30 October and may net the business $70 million. The 7-Eleven sites in Sydney include Clyde
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Arnott’s sold as part of $3.14 billion deal
US company Cambell’s Soup has reportedly sold iconic Australian company Arnott’s as part of Cambell’s sale of its international brands. After owning the brand for 21 years, Cambell’s had flagged selling seeing the biscuit company. The Australian Financial Review and The Australian newspapers reported that Campell’s had struck-up the deal overnight with another US company, Kohlberg Kravis
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Lion announces intention to commence a sale process for Lion Dairy & Drinks (LDD)
Lion has announced it intends to commence a sale process for LDD. Lion CEO, Stuart Irvine said: “Following careful consideration, we believe a sale of LDD is the best option to set both Lion and LDD up with the capital and resources needed to grow into the future. Following the turnaround program, LDD has been
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Going where the value is
By Keith Berg C&I Editor at Large I had occasion to visit Costco’s big warehouse in Sydney’s West a few days ago. As I was waiting for the carpark elevator, I was joined by a young man labouring behind a heavily loaded trolley. Costco’s trolleys are huge and, on closer inspection I noticed that his
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$60 million petrol portfolio up for sale
Melbourne lawyer Konfir Kabo is selling his portfolio of 17 petrol stations.
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Woolworths in sales talks over petrol business
Woolworths in discussions with a “number of interested parties” over its $1.5 billion petrol portfolio.
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Woolworths petrol stations for sale?
Woolworths rumoured to be a seeking a buyer for petrol network.
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