Viva Energy is a step closer to creating the nation’s largest fuel and convenience store network after it announced on Friday that two of Australia’s key regulators had given the green light to its acquisition of Coles Express.
The $300m deal, announced in September last year, will create a group with 710 sites nationally, with Viva to phase out the Coles Express branding over the next three and a half years.
Viva told the ASX on Friday that both the Foreign Investment Review Board and the Australian Competition and Consumer Commission had signed off on the deal.
Viva Energy is a step closer to creating the nation’s largest fuel and convenience store network after it announced on Friday that two of Australia’s key regulators had given the green light to its acquisition of Coles Express.
The $300m deal, announced in September last year, will create a group with 710 sites nationally, with Viva to phase out the Coles Express branding over the next three and a half years.
Viva told the ASX on Friday that both the Foreign Investment Review Board and the Australian Competition and Consumer Commission had signed off on the deal.
Viva Energy is a step closer to creating the nation’s largest fuel and convenience store network after it announced on Friday that two of Australia’s key regulators had given the green light to its acquisition of Coles Express.
The $300m deal, announced in September last year, will create a group with 710 sites nationally, with Viva to phase out the Coles Express branding over the next three and a half years.
Viva told the ASX on Friday that both the Foreign Investment Review Board and the Australian Competition and Consumer Commission had signed off on the deal.
Extracted from The Australian