BP Buys Up Woolworths Fuel Sites For $1.8 Billion
Perhaps the lesser of the four major fuel players in the Australia retail fuel market, BP could be about to leap its way to the top. The British fuel giant has signed on the dotted line to acquire 527 outlets from another giant, Woolworths, plus an add
Perhaps the lesser of the four major fuel players in the Australia retail fuel market, BP could be about to leap its way to the top.
The British fuel giant has signed on the dotted line to acquire 527 outlets from another giant, Woolworths, plus an additional 16 development sites.
The deal is worth a reported AU$1.8 billion, and will see BP’s presence in the Australian retail fuel market increase dramatically if it chooses to rebrand the sites.
Regardless, a key component of the deal will see the preservation of Woolworths’ precious fuel discount docket scheme.
The pair is also believed to be considering a trial of co-branded convenience stores, initially rolled out through 200 sites.
BP
0
Video: ‘Top Gear Australia’ first preview and release date
