International Development News
Development News Edition

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.


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.)


TRENDING

OPINION/BLOG/INTERVIEW

No lessons learnt, Delhi again facing haze and hazardous Air pollution

While the parliamentarians in the Rajya Sabha Upper House were engaged in allegations and counter allegations on Thursday, the pollution was rising outside which soon took the form of a haze....

How to turn the aging population productive, ADB shows the path

Mature and older workers are not necessarily unproductive, and they may perform continuously well in certain types of work, but their productivity in others may naturally decline. In addition, the scarcity of young-to-middle-aged workers co...

How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Videos

Latest News

Government, Industry and Academic Partnership to Develop Sport in India

New Delhi22 November 2019 Celebrating 25 years of engagement in IndiaAustraliasDeakin University hosted an event to highlight the importance of government, industry and academic partnerships to develop sport in India, held at the Austr...

World News Roundup: Bolivia's interim government charges Morales with sedition and terrorism; Israel's Netanyahu faces calls to quit but is defiant in crisis

Following is a summary of current world news briefs.Security forces reopen Iraqs Umm Qasr port port sourcesIraqi security forces dispersed by force on Friday protesters who had been blocking the entrance to the countrys main Gulf Umm Qasr p...

Sports News Roundup: Russia again faces Olympic ban after non-compliant recommendation; Giants WR Shepard to return, TE Engram out

Following is a summary of current sports news briefs.RUSAF reintegration process suspended over AIU chargesThe World Athletics Council has suspended the reinstatement process of Russias Athletics Federation RUSAF pending the resolution of c...

US News Roundup: Trump says he will allow states to import prescription drugs to lower costs; Warren taps all-woman lineup to chair U.S. presidential campaign

Following is a summary of current US domestic news briefs.U.S. Republican senators ask Treasury for suspicious activity reports on Hunter BidenThe Republican chairmen of two U.S. Senate committees have asked the Treasury Department to provi...

Give Feedback