Corporate

Ampol – formerly known as Caltex – has found a buyer for a $1 billion-odd stake in its petrol station properties.

Now it’s just about finding a deal.

Street Talk …
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Fuels retailer Ampol has opened the door to potential consolidation among Australia’s four remaining refiners amid a tough outlook for the industry due to declining margins.

Record falls in fuel …
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Ampol’s newly-appointed chief executive Matthew Halliday expects an evolution in motorists’ habits and fuel demand over the next six months in a COVID-19 economy.

Mr Halliday had been the interim …
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Ampol has installed Matthew Halliday, who had been the interim boss since the retirement of Julian Segal in March, as its permanent chief executive and managing director.

Mr Halliday joined …
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Significant shifts in market share are possible in the keenly competitive petrol retailing sector in Australia as customers adjust to brand changes affecting household names such as Caltex and service …
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Petrol and diesel distributor, Viva Energy has agreed to acquire the remaining 50 per cent of the shares of Westside Petroleum.

This announcement follows a previous agreement in August 2018 by …
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Caltex Australia interim chief executive Matt Halliday expects the upswing of consumer support for all-Australian brands in the COVID-19 pandemic to stand the fuels supplier in good stead under its …
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Petrol station owner Viva Energy REIT has taken control of its own destiny by moving to cut management ties with energy company Viva Energy.

The $1.8bn real estate investment trust …
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The coronavirus crisis has allowed Caltex to cut the cost of its $165 million Ampol rebrand, with the fuel giant pushing ahead with the major revamp despite the turmoil in …
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The petrol tank’s full, the engine is running and the tyres have hit the tarmac – again.

With Canada’s Couche-Tard gone (but definitely not forgotten), Caltex and its bankers have turned their …
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