BUSINESS BREAKING NEWS
September 30, 2016
Australian Associated Press
Woolworths has confirmed that it is considering selling its petrol business and is in discussions with a number of interested parties, following a media report Caltex is a potential buyer.
“Woolworths has received incomplete and conditional proposals from a number of parties in relation to: a. the purchase of the business, and b. the development of an enhanced convenience and loyalty offer to customers,” the company said in a response to “media speculation” on Friday.
News Corp’s The Australian newspaper has reported Caltex is negotiating over a potential purchase but the supermarket giant said no decision has been made and it is evaluating whether to retain or dispose of its service station
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