WOW 0.46% $41.04 woolworths group limited

woolworth & caltex in joint venture

  1. 161 Posts.
    Woolworths/Safeway/Big W shoppers to get quality Caltex fuel at
    Up to160 more outlets for continuing quality discount fuel, across Australia
    Woolworths petrol pricing policy and redemption discount to apply
    Caltex to manage sites
    Strong co-branding of sites
    Expands the network of a strong independent petrol competitor
    Earnings per share positive for both Woolworths and Caltex
    Woolworths Limited and Caltex Australia Limited today announced plans for a 50/50
    joint venture to continue to deliver quality fuel at a discount to more Woolworths
    customers across Australia.
    Roger Corbett, Woolworths Group Managing Director and Chief Executive Officer,
    said that the proposed agreement would deliver significant advantages to both
    Woolworths and Caltex customers.
    "Our single objective in petrol has always been to have a nationwide network
    providing quality petrol at a discount to our customers, where they shop," he said.
    'This venture means we get the right number of canopies in carefully selected
    locations adjacent or near to our stores across Australia supplying Caltex petrol,
    extending our excellent petrol offer to more Woolworths and Caltex customers, and
    without having to take on canopies we don't need.
    discounted prices at up to 450 joint venture sites
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