Australia's Caltex receives takeover offer from Britain's EG Group
Published Wed, Feb 19, 2020 · 01:32 AM
[BENGALURU] Caltex Australia said on Wednesday that Britain's EG Group had offered to acquire the company for A$3.9 billion (S$3.63 billion) in cash and separate shares to be issued in a newly listed company on the local stock exchange.
The offer from the British retailer includes the sum to buy Caltex's convenience retail business and a stake in a new company, Ampol, under which the remaining assets of Caltex would be bundled.
REUTERS
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