Nov 9 (Reuters) - Woolworths Group Ltd (WOW) :
- SALE OF PETROL BUSINESS TO EG GROUP
- DEAL FOR A$1.725 BILLION
- HAS ENTERED INTO A BINDING AGREEMENT TO SELL ITS 540 WOOLWORTHS-OWNED FUEL CONVENIENCE SITES TO EG GROUP
- TRANSACTION IS SUBJECT TO FOREIGN INVESTMENT REVIEW BOARD APPROVAL
- ALL EXISTING WOOLWORTHS PETROL MANAGEMENT AND OPERATIONS TEAMS WILL TRANSFER TO EG GROUP FOLLOWING COMPLETION OF SALE
- FOR DEAL , EG GROUP AND CO ENTERED 15 YEAR COMMERCIAL ALLIANCE FOR FUEL DISCOUNT REDEMPTION, LOYALTY,WHOLESALE PRODUCT SUPPLY
- WOOLWORTHS GROUP WILL COMMENCE A NEW WHOLESALE FOOD SUPPLY AGREEMENT TO NETWORK
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News: WOW Woolworths Announces Sale Of Petrol Business To EG Group
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