WOW 0.56% $30.18 woolworths group limited

News: WOW Caltex Australia confirms interest in the Woolworths fuels business

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    Oct 18 (Reuters) - Caltex Australia Ltd (CTX)

    • Caltex confirms interest in the woolworths fuels business
    • Notes Woolworths Limited's previous announcement that it had received incomplete and conditional proposals
    • Confirms that it made a conditional and confidential proposal to Woolworths to acquire its fuels business
    • Caltex will maintain financial discipline in this process
    • Is currently exclusive supplier of petrol and diesel to woolworths with annual sales volumes of 3.5 billion litres per annum
    • As sale process is ongoing, and any transaction remains uncertain
    • Any transaction remains uncertain and is expected to take time to complete
 
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