BP buys Woolworths fuel business in Australia for $1.3 billion. Oil
company BP says it has agreed to buy the fuel business of Australian supermarket chain Woolworths for $1.3 billion.
The deal includes 527 fuel convenience sites and 16 other development sites across Australia. That adds to the 350 BP-owned gas stations in the country, and about 1,000 other BP-branded outlets owned by independent business partners.
The deal, announced Wednesday, is subject to approval from Australian authorities and is expected to be completed over the next year.