SYDNEY Dec 28 Australian supermarket giant
Woolworths Ltd has sold its chain of petrol stations to
BP plc for A$1.8 billion ($1.29 billion) in cash, media
reported on Wednesday.
The Australian Financial Review reported the deal was signed
over Christmas and ended months of negotiations around price,
loyalty agreements, fuel discount vouchers and convenience
BP will get 500 Woolworths-branded fuel and convenience
outlets, which sell about 4 billion litres of fuel a year and
have earnings of around A$130 million to A$150 million, the
Neither company was immediately available to comment.
($1 = 1.3926 Australian dollars)
(Reporting by Wayne Cole; Editing by Adrian Croft)