Viva Energy Group Ltd. (AU:VEA) has released an update.
Viva Energy Group Ltd. is set to expand its footprint in Australia’s convenience retail sector after the Australian Competition and Consumer Commission approved its acquisition of the remaining 50% stake in Liberty Convenience. The deal involves Viva Energy acquiring 88 active sites and 10 planned sites from the joint venture, while divesting 14 sites as part of a court-enforceable undertaking. The acquisition is expected to complete in the first quarter of 2025, pending necessary approvals.
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