Feb 6 (Reuters) - Coles Group Ltd (COL) :
- COLES GROUP AND VIVA ENERGY HAVE ENTERED INTO A NEW ALLIANCE AGREEMENT UNTIL 2029
- VIVA ENERGY WILL PAY COLES $137 MILLION AT TRANSACTION CLOSE
- EXPECTS EBIT FOR 2019 FINANCIAL YEAR FOR COLES CONVENIENCE BUSINESS TO BE IN ORDER OF $50 MILLION
- CONVENIENCE DIVISION IS EXPECTED TO REPORT FOR HALF AN EBIT RANGE OF $47 MILLION TO $51 MILLION
- UNDER NEW ALLIANCE, CONVENIENCE BUSINESS EXPECTED TO GENERATE YEARLY PRO-FORMA EBIT IN ORDER OF THAT EXPECTED TO BE ACHIEVED IN 2019 FY
- VIVA ENERGY TO TAKE RESPONSIBLITY FOR RETAIL FUEL PRICING AND MARKETING WHILE COLES EXPRESS REMAIN RESPONSIBLE FOR OPERATING STORES
Source text (http//reut.rs/2SbGCUQ)
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News: VEA Coles Group Says Co And Viva Energy Have Entered Into A New Alliance Agreement Until 2029
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