Woolworths, Caltex in food-fuel deal with $2bn IPO on the cards

Original article by Eli Greenblat
The Australian – Page: 19 & 31 : 6-Jul-18

Grocery giant Woolworths will expand its existing alliance with fuel retailer Caltex Australia. The deal includes a 15-year wholesale fuel supply agreement, the extension of Woolworths’ customer loyalty program to more than 700 Caltex petrol station and the rebranding of up to 250 Caltex outlets under Woolworths’ Metro banner. Woolworths CEO Brad Banducci says the petrol station joint venture could ultimately be spun off, potentially within the next 12 months.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, CALTEX AUSTRALIA LIMITED – ASX CTX, BP AUSTRALIA LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, 7-ELEVEN STORES PTY LTD, DEUTSCHE BANK AG

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