AUSTRALIA: Woolworths Considering Future Of Petrol Business

Woolworths Ltd has confirmed that it is considering the future of its petrol business, under which it operates 530 fuel stations across Australia.

In a statement, the group said it has “received incomplete and conditional proposals from a number of parties”, related to the sale of the business and to the “development of an enhanced convenience and loyalty offer”.

The retail giant said it remains in talks with several interested parties, and is still evaluating whether to keep or sell the business.