Woolies strikes ‘Plan B’ deal with Caltex after BP sale collapse

 In Australia, Woolworths

Woolworths has moved to “Plan B” for its service station business after their sale to BP collapsed, striking a 15-year supply agreement and alliance with Caltex covering fuel supply, convenience stores, wholesale food and loyalty rewards.
However, the retail giant will still pursue a float or sale of the petrol business, with plans for an IPO being finalised within the next year.
Caltex has supplied fuel to Woolworths’ 534 service station since 2004 under a contract worth about $150 million a year. Sydney Morning Herald – Read more…

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