www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

BP buys Woolworths' Australian gas stations for $1.3b

China Daily | Updated: 2016-12-29 07:47

BP Plc will pay A$1.785 billion ($1.3 billion) for Woolworths Ltd's network of Australian gas stations in a deal that will cement the London-based oil company as one of the nation's biggest fuel providers.

The British company will acquire 527 fuel outlets that are supplied by rival Caltex Australia Ltd, as well as 16 development sites, according to a statement on Wednesday from Sydney-based supermarket owner Woolworths.

BP already owns 350 retail locations across Australia and supplies fuel to an additional 1,000 outlets owned by independent business partners, according to a separate statement from the oil company.

BP and Woolworths also agreed to a partnership that includes the continuation and expansion of a scheme providing fuel discounts for supermarket customers.

BP has previously struck deals with retailers including Marks & Spencer Plc in the United Kingdom and REWE in Germany.

For Woolworths, the sale is part of Chief Executive Officer Brad Banducci's strategy to reverse the supermarket chain's declining fortunes. Since becoming CEO in February, Banducci has cut jobs, written off assets and slowed store openings, while sales at its Australian food division have started growing again.

The sale is "positive at the margin" for Woolworths, according to Michael McCarthy, chief market strategist at Sydney-based CMC Markets Asia Pacific Pty.

"Woolworths' management were just keen to do any deal. While it is good that there's movement, this was probably the easiest to do and probably the one that makes the least difference."

Completion of the transaction is not expected before Jan 2, 2018, and is subject to regulatory approvals.

Bloomberg

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日韩午夜视频在线观看 | 国产v视频| 亚洲人成高清 | 久草免费在线视频 | 毛片免费在线观看网址 | 亚洲网站www | 久久久成人影院 | 一级视频在线 | 国产视频高清在线观看 | 国产欧美日韩高清专区手机版 | 日韩精品麻豆 | 亚洲成在线 | 国产精品久久成人影院 | 午夜视频在线观看一区 | 日韩在线视频中文字幕 | 黄色美女免费看 | 国产日韩不卡免费精品视频 | 免费狼人久久香蕉网 | 亚洲在线一区二区三区 | 自拍偷自拍亚洲精品一区 | 91久久香蕉国产线看 | 久久精品一区二区影院 | 日韩色吧 | 日本无卡码免费一区二区三区 | 国产91久久精品一区二区 | 精品96在线观看影院 | 欧美一区中文字幕 | 美女张开腿让人桶 | 2020国产成人免费视频 | 看片网站在线 | 日本理论片午夜论片 | 和日本免费不卡在线v | 爆操巨乳美女 | 日本欧美不卡一区二区三区在线 | 午夜两性视频 | 欧美日韩一区二区三区视频在线观看 | 韩国美女高清爽快一级毛片 | 国产精品成人免费视频 | 午夜91理论片 | 日韩欧美中文字幕在线播放 | 久久影院yy6080|