Viva Energy will take full control of the Coles Express fuel and convenience retailing network and start offering customers lower-carbon energy products, after a $300 million deal with Coles Group that paves the way for the supermarket chain to consider a share buyback.
The deal, announced on Wednesday, accelerates Viva’s strategy to get more exposure to the fast-growing convenience segment through full ownership of the 710 Coles Express sites.
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
