Viva in $300m deal to buy Coles Express fuel network

Angela Macdonald-Smith and Carrie LaFrenz

Updated Sep 21, 2022 – 2.15pm, first published at 9.05am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

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.

Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables.

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.