🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BRIEF-Coles Group Says Co And Viva Energy Have Entered Into A New Alliance Agreement Until 2029

Published 06/02/2019, 09:02 am
Updated 06/02/2019, 09:10 am
© Reuters.  BRIEF-Coles Group Says Co And Viva Energy Have Entered Into A New Alliance Agreement Until 2029
COL
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.