July 4, 2018 / 10:22 PM / 3 months ago

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

July 5 (Reuters) - Woolworths Group Ltd, Australia’s largest supermarket operator, said on Thursday it entered a 15-year fuel supply deal with Caltex Australia Ltd , 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, after it was blocked by Australia’s antitrust regulator. ($1 = 1.3545 Australian dollars) (Reporting by Aaron Saldanha in Bengaluru Editing by Chris Reese)

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