Feb 6 (Reuters) - Coles Group Ltd COL.AX :
* COLES GROUP AND VIVA ENERGY HAVE ENTERED INTO A NEW ALLIANCE AGREEMENT UNTIL 2029
* VIVA ENERGY WILL PAY COLES $137 MILLION AT TRANSACTION CLOSE
* EXPECTS EBIT FOR 2019 FINANCIAL YEAR FOR COLES CONVENIENCE BUSINESS TO BE IN ORDER OF $50 MILLION
* CONVENIENCE DIVISION IS EXPECTED TO REPORT FOR HALF AN EBIT RANGE OF $47 MILLION TO $51 MILLION
* UNDER NEW ALLIANCE, CONVENIENCE BUSINESS EXPECTED TO GENERATE YEARLY PRO-FORMA EBIT IN ORDER OF THAT EXPECTED TO BE ACHIEVED IN 2019 FY
* VIVA ENERGY TO TAKE RESPONSIBLITY FOR RETAIL FUEL PRICING AND MARKETING WHILE COLES EXPRESS REMAIN RESPONSIBLE FOR OPERATING STORES