BP buys Woolworths fuel business in Australia

• Posted in OilGas
• on December 30, 2016
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Oil company BP says it has agreed to buy the fuel business of Australian supermarket chain Woolworths Ltd. for $1.3 billion as part of its efforts to rebuild itself. The deal includes 527 fuel convenience sites and 16 other development sites across Australia. That adds to the 350 BP-owned gas stations in the country, and some 1,000 other BP-branded outlets owned by independent business partners. The deal, announced Wednesday, is subject to approval from Australian authorities and is expected to be complete over the next year. 

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