Woolworths’ $2 billion petrol station business will hit the boards as early as November, according to the media.

Woolworths’ $2 billion petrol station business will hit the boards as early as November, according to the media. This is despite the company telling shareholders yesterday that the business would most likely list in 2019, as it posted a 12.5% lift in its annual net profit to $1.72bn. But other sources say an IPO has been pencilled in for November, with analyst marketing material sent out late in September or early October. And the expectation is that Viva Energy and Caltex will be used as pricing comparables. Source: The Australian.