Australia’s Woolworths in takeover talks for its petrol business

Industry:    2016-10-02

Australia’s Woolworths Ltd said on Friday it is in talks with several potential buyers for its petrol business after receiving approaches for a deal said to be worth A$1.5 billion ($1.14 billion).

Woolworths – Australia’s biggest grocer by sales, said it had received a number of incomplete and conditional proposals from unspecified interested parties.

($1 = 1.3115 Australian dollars) (Reporting by Colin Packham; Editing by Stephen Coates).

 


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