Australia's Caltex receives takeover offer from Britain's EG Group

[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

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL