SYDNEY: Viva Energy (ASX: VEA) has presented a court-enforceable divestiture plan to the Australian Competition and Consumer Commission (ACCC) concerning its proposed acquisition of the OTR Group. The proposal aims to address competition concerns, with the ACCC assessing its effectiveness in preserving competition in the South Australian retail fuel market. Viva Energy to acquire OTR…
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Viva Energy to acquire Coles Express in a $300mn deal
SYDNEY, AUSTRALIA: Viva Energy Group Limited announced plans to create a leading integrated fuel and convenience business through agreement to acquire Coles Express’s retailing capability and infrastructure. Viva Energy will acquire the retail convenience business operated by Coles Express for a headline consideration of $300M million, subject to customary adjustments at completion. The consideration will…