Peter Rae
The sale of Woolworths petrol business to BP for $1.8 billion will allow the company to cut its debt and pay for the $2 billion a year program to refurbish its supermarkets, but analysts have warned the competition watchdog will be a major hurdle to the deal.
There are also questions over Woolworths’ plan to push into the convenience store sector, with JPMorgan warning the Woolworths’ capabilities in this part of the market are “unproven”.
Analys…
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