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Woolworths Group enters 15-year fuel supply deal with Caltex Australia

Published 05/07/2018, 08:19 am
Updated 05/07/2018, 08:20 am
© Reuters.  Woolworths Group enters 15-year fuel supply deal with Caltex Australia
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Caltex Australia Limited
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July 5 (Reuters) - Woolworths Group Ltd WOW.AX , Australia's largest supermarket operator, said on Thursday it entered a 15-year fuel supply deal with Caltex Australia Ltd CTX.AX , even as it continues to pursue an IPO or sale of its petrol business.

The firm will also start a wholesale food supply to over 700 existing Caltex convenience sites as part of the deal.

Thursday's deal comes two weeks after Woolworths cancelled a A$1.8 billion ($1.33 billion) sale of its petrol stations to BP Plc BP.L , after it was blocked by Australia's antitrust regulator. ($1 = 1.3545 Australian dollars)

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