Viva Energy Group Ltd
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Receivers take over Sukin brand owner BWX, Silver Mines’ Bowden project gets greenlight and Rio Tinto backs Energy Resources’ raising
Receivers were called-in for beleaguered BWX (ASX: BWX) after it announced appointed FTI Consulting as voluntary administrators on Monday. The voluntary administration was expected to help restructure BWX and give it the best chance of future profitability after a tumultuous 2022 that drove net profit after tax down more than 1,767% to a $100.8 million […]
Coles sells petrol stations to Viva Energy, FMG pledges $6.2b to go green and OZ Minerals invests in West Musgrave project
Australian retail giant Coles Group (ASX: COL) has announced it will sell its 710 Coles Express fuel sites to Viva Energy Group (ASX: VEA) to prioritise the group’s supermarket and liquor business moving forward. Viva Energy will assume ownership, as well as controlling and operating responsibilities of the petrol stations across the nation. As per […]
Incitec Pivot plans for fertiliser and explosives split, AGL warns over ‘false’ statements and Qantas acquires TripADeal
Incitec Pivot (ASX: IPL) has revealed it is yet again going ahead with plans to separate its fertiliser and explosives businesses, which would both be demerged and listed on the ASX. The company broke the news to shareholders on Monday, and will implement a structural separation of its Dyno Nobel and Incitec Pivot Fertilisers businesses. […]
Viva Energy pays $137m to extend fuel partnership with Coles Express outlets
Australian energy company Viva Energy (ASX: VEA) will make a one-off payment of $137 million to extend its fuel and convenience partnership with Coles Group (ASX: COL) and retain the right to set retail fuel prices at Coles Express outlets. Under the terms of a revised Fuel and Convenience Alliance agreement between the two companies, […]