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Australia's Woolworths says BP will not buy its petrol stations

Australian retailing giant Woolworths Group on Thursday said BP PLC's Australian unit would not continue with the purchase of Woolworths' petrol business.


Reuters Australia
Updated: 21-06-2018 03:53 IST
Australia's Woolworths says BP will not buy its petrol stations

Woolworths said it would continue to entertain alternative options for its petrol business. (Image Credit: Twitter)

Australian retailing giant Woolworths Group on Thursday said BP PLC's Australian unit would not continue with the purchase of Woolworths' petrol business which was announced in December.

Australia's competition watchdog had in December blocked the A$1.8 billion ($1.33 billion) purchase of Woolworths petrol stations, even after BP offered to sell some stations to ease competition concerns.

Woolworths said it would continue to entertain alternative options for its petrol business.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : Australia

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