Update on Sale of Petrol Business to BP

Source Press Release
Company BP Plc. 
Tags Asset Deals, Deals, Refining & Marketing Activities
Date June 21, 2018

Woolworths Group Limited (Woolworths Group) (ASX: WOW) today announces that it has been notified by BP Australia that BP will not continue with the proposed purchase of the Petrol business as announced on 28 December 2016.

As a result, the sale agreements, and strategic partnership agreements, entered with BP on 24 December 2016 will no longer be continued by BP.

As previously announced, Woolworths Group is continuing to engage actively with alternative options for its Petrol business.

Source: EvaluateEnergy® ©2018 EvaluateEnergy Ltd