September 30, 2016 / 12:27 AM / a year ago

Australia's Woolworths in takeover talks for its petrol business

SYDNEY, Sept 30 (Reuters) - Australia's Woolworths Ltd said on Friday it is in talks with several potential buyers for its petrol business after receiving approaches for a deal said to be worth A$1.5 billion ($1.14 billion).

Woolworths - Australia's biggest grocer by sales, said it had received a number of incomplete and conditional proposals from unspecified interested parties.

$1 = 1.3115 Australian dollars Reporting by Colin Packham; Editing by Stephen Coates

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