Caltex

Caltex, BP Australia and Viva Energy named among top manufacturers

Fuel companies in Australia continue to perform strongly, despite the global downturn in crude oil, taking out top spots in a list of top 100 manufacturers. The Advance Manufacturing Expo’s list, based on IBISWorld’s assessment of data from ASIC-lodged company reports, put Caltex first – for the second year running, BP Australia third (up from […]

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Caltex to grant Couche-Tard ‘due diligence’

Caltex have agreed to allow Alimentation Couche-Tard (ATD) to undertake ‘due diligence’ as it weighs up the Canadian giant’s final takeover bid. C&I reported last week ATD had placed a final bid of $8.8 billion. The latest move, reported by Reuters, was outlined in a statement from the board to shareholders yesterday stating it was

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Couche-Tard make final Caltex bid

Canadian conglomerate Couche-Tard have put forward their final bid for Caltex. Caltex confirmed this morning they had received the revised bid from Alimentation Couche-Tard (ATD) to acquire all shares at a price of A$35.25 per share (less dividends). The deal is estimated to be worth $8.8 billion. The higher bid follows Caltex sharing non-public information

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Caltex confirm multiple companies interested

  Caltex Australia have confirmed they have been approached by the UK Group EG Group. Releasing a statement following media speculation of the approach, the company announced they have had approaches from multiple parties showing interest in acquiring Caltex or part thereof. However they note they have not received any proposed to acquire the company

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New app EzySt a win for consumers

A new app developed by former Caltex executives is promising to deliver bowser relief to motorists. The EzySt app, described as a ‘digital marketplace for the petrol-convenience industry’, collates cheaper than advertised petrol prices and retailer specials into the free app, which its creators claim could save users up to 30c per litre. Developed by

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Caltex station sell off

Caltex Australia have sold 25 petrol stations amid a takeover bid from Canadian convenience operator Couche-Tard. The stations, which were mainly from inner city locations, were identified by the company as having development potential and totalled $136 million in sales. It’s expected the company will sell a further 25 sites early next year. It comes

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Coca-Cola Amatil appoints Caltex director to board

Coca-Cola Amatil has announced the appointment of Penelope Winn to the Amatil Board as an Independent Non-Executive Director, effective 2 December 2019. Winn is currently a Non-Executive Director of Caltex Australia Limited, CSR Limited, Goodman Limited and Goodman Funds Management Limited. Winn will step down as Chair and Non-Executive Director of Port Waratah Coal Services

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