Australian fuel supplier Viva Energy Group Ltd said on Wednesday it would buy convenience store operator On the Run (OTR Group) from Adelaide-based Peregrine Corp for A$1.15 billion ($776.60 million).
"OTR will become Viva Energy's flagship convenience brand, replacing the Coles Express brand over time," CEO Scott Wyatt said in a statement.
The deal to buy OTR, which has a network of 205 convenience retail stores, will see Viva become the biggest non-government employer in South Australia, the company said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China seeks climate change, new energy cooperation with Australia's BHP - foreign ministryChina hopes Australian miner BHP will tap potential for cooperation in emerging areas such as climate change and new energy, while carrying out more mutually beneficial projects, according to a foreign ministry statement on Tuesday.
Read more »
US Dollar holds steady as fears over energy inflation return on OPEC surpriseFollowing the rebound witnessed on Friday, the US Dollar (USD) started the new week on a bullish note and the US Dollar Index recovered toward 103.00
Read more »
Phillips 66 CEO Mark Lashier on the energy transition, carbon capture and hydrogenPhillips 66 CEO Mark Lashier talks energy transition, 'price gouging' and what's ahead for Houston refineries
Read more »
Biden to push clean energy, economic agenda in MinneapolisOther members of Biden's administration are traveling to more than 20 states this week to buttress his message.
Read more »
Escondido and San Marcos latest cities to join Clean Energy AllianceOceanside and Vista are on track to begin buying their power through the alliance in 2024
Read more »
Stock Market Today: Dow up 300 points as energy shares jump after OPEC+ oil production cutsMarketWatch Live: Dow up 300 points as OPEC+ quota cut ignites energy shares
Read more »