BP's plan to buy Australian petrol pump network blocked
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Sydney
ENERGY giant BP's plan to buy a network of Australian petrol stations from supermarket chain Woolworths was blocked on Thursday by the competition watchdog over fears it will lead to higher fuel prices.
The British firm announced a year ago it had agreed to pay US$1.3 billion to buy, rebrand and operate Woolworths' existing 531 fuel and convenience stores, plus 12 sites under construction.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
