Caltex Hovers as Woolworths Eyes Sale of 530 Petrol Stations
Woolworths has confirmed one of the worst kept secrets in retailing, that it is likely to sell its petrol retailing arm, with a number of offers on the table.
The retailer said it is "currently evaluating whether to retain or dispose of its petrol business".
"Woolworths has received incomplete and conditional proposals from a number of parties in relation to the purchase of the business and the development of an enhanced convenience and loyalty offer to its customers."
Supplied by Caltex, Woolworths operates 530 petrol stations across the country, a number of which also include convenience stores.
Caltex has made little secret of its desire to buy the business, confirming its interest when releasing its results last month. Sydney Morning Herald – Read more…
The retailer said it is "currently evaluating whether to retain or dispose of its petrol business".
"Woolworths has received incomplete and conditional proposals from a number of parties in relation to the purchase of the business and the development of an enhanced convenience and loyalty offer to its customers."
Supplied by Caltex, Woolworths operates 530 petrol stations across the country, a number of which also include convenience stores.
Caltex has made little secret of its desire to buy the business, confirming its interest when releasing its results last month. Sydney Morning Herald – Read more…
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