Peregrine is tipped to be the frontrunner in the contest to buy about 230 Woolworths petrol stations

According to a media article, Peregrine is tipped to be the frontrunner in the contest to buy about 230 Woolworths petrol stations, with Kohlberg Kravis Roberts now out of the competition. Earlier, it was understood that Couche-Tard, PetroChina and Peregrine Corporation, partnered with KKR, were in the contest, but sources have suggested that there may now only be one party left in the mix. Peregrine owns the convenience retail-driven network On The Run and is vying for the petrol stations after the competition watchdog took exception to an earlier planned sale of the 531 petrol stations by Woolworths to BP for $1.8 billion. Source: www.theaustralian.com