Coles Group Ltd (ASX:COL)
A$ 16.2 0.13 (0.81%) Market Cap: 21.70 Bil Enterprise Value: 30.00 Bil PE Ratio: 20.77 PB Ratio: 6.10 GF Score: 62/100

Viva Energy Group Ltd to Acquire Retail Convenience Business Operations of Coles Express Call Transcript

Sep 21, 2022 / 01:00AM GMT
Release Date Price: A$16.6 (-0.90%)
Operator

Thank you for standing by, and welcome to the Viva Energy Australia Conference Call. (Operator Instructions).

I'd now like to hand the conference over to Mr. Scott Wyatt, Chief Executive Officer. Please go ahead.

Scott A. Wyatt
Viva Energy Group Limited - CEO, MD & Executive Director

Good morning, and thank you all for joining this morning to discuss today's announcement. My name is Scott Wyatt, Chief Executive Officer of Viva Energy. And on the call with me today is Jevan Bouzo, our Chief Operating and Financial Officer.

As always, before we begin, I would like to acknowledge the traditional owners of the lands on which we are collectively gathered for this call and to pay my respects to elders past, present and emerging.

This morning, I'm pleased to announce that Viva Energy has reached an agreement with Coles Group to acquire its convenience retailing business, concluding the Alliance agreement, which was due to expire in 2029. Over the last 20 years, Viva Energy and Coles have worked together to become one of the leading

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