Australia: Coles selling convenience stores

Date : 21 September 2022

Soo-Eng Tan

Senior Analyst

Coles is selling its 710 Coles Express sites to petrol and diesel supplier Viva Energy for AUD300m (US$201m). What does this mean for Coles? The deal will allow Coles to focus on its core supermarket and liquor business. Site branding will happen over the next three and a half years, with the…
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