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AUSTRALIA

Investors buy into Caltex

CHEVRON Corporation is retreating from its non-core Australian interests, with the company announcing the sale of its 50% shareholding in Caltex Australia to a broad range of Australian and global equity market institutional investors for $4.7 billion.

Haydn Black
Investors buy into Caltex

The sale is the latest shake-up of the nation's fuel retailing and refining sector and follows Shell selling its petrol stations and Geelong refinery in Victoria to Swiss oil trader Vitol for $2.9 billion...

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