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Woolworths reaches new $1.2B deal with Caltex 

WOOLWORTHS and Caltex have reached an agreement worth some $1.2 in a move that offers much upside for the latter, and a better-than-nothing outcome for Woolies after the loss of the BP deal. 

Helen Clark
Caltex and Woolworths deal worth $1.2B

Caltex and Woolworths deal worth $1.2B

In late June BP decided against buying retailer Woolworth's 500 or so petrol stations for A$1.8 billion after it found that "the transaction cannot be structured to meet its strategic objectives".   ...

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