SYDNEY, Jan 12 (Reuters) - Australia's competition regulator said on Thursday it will review BP Plc's
A$1.8 billion purchase of 527 petrol stations from Australia's top grocer, Woolworths Ltd (WOW). "Once a submission is received the ACCC will commence a public review of the proposed acquisition," the Australian Competition and Consumer Commission (ACCC) said in a statement, without adding further detail.
Woolworths and BP announced the deal last month, saying it was subject to regulatory approval and that it would not be completed before January 2018.
News: Australian regulator to review BP purchase of Woolworths' petrol stations
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$29.89 |
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Mkt cap ! $43.04B | |||
| Open | High | Low | Value | Volume |
| $30.11 | $30.19 | $29.79 | $71.33M | 2.301M |
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|---|---|---|
| 2 | 585 | $29.89 |
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| Price($) | Vol. | No. |
|---|---|---|
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