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Australia's Woolworths in talks over petrol station sale

UBS reported to have been hired to help secure a deal valued at A$1.5b
Saturday, October 1, 2016 - 05:50
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REFOCUSING: Woolworths is in a price war with Coles and ALDI.

Sydney

AUSTRALIAN supermarket giant Woolworths Ltd on Friday said that it was considering offers to buy its petrol station chain in a deal said to be worth more than US$1 billion, extending an asset sell-off as it shores up its core grocery business.

The sale would broaden a