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News: WOW Caltex Australia Entered New 15 Year Fuel Supply Agreement With Woolworths

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    July 5 (Reuters) - Caltex Australia Ltd (WOW) :

    • CALTEX AND WOOLWORTHS HAVE ENTERED INTO A NEW 15 YEAR FUEL SUPPLY AGREEMENT
    • CO & WOOLWORTHS AGREED TO CO-CREATE A CONVENIENCE RETAIL OFFERING, ACROSS ABOUT 250 CALTEX RETAIL SITES
    • WILL MAKE ONE-OFF PAYMENT OF ABOUT $50 MILLION IN JULY 2018
    • TO LEVERAGE WOOLWORTHS' WHOLESALE GROCERY SUPPLY, WOOLWORTHS' REWARDS AND REDEMPTION OFFERINGS
    • NEW FUEL SUPPLY AGREEMENT IS ON TERMS THAT REPRESENT A $80 MILLION REDUCTION IN ANNUAL EBIT TO CALTEX
 
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