April 5 (Reuters) - Viva Energy Group Ltd (VEA) :
- VIVA ENERGY TO ACQUIRE OTR GROUP
- VIVA ENERGY TO ACQUIRE OTR GROUP FOR A$1.15 BILLION FROM PEREGRINE CORPORATION
- TRANSACTION COMPLETION SUBJECT TO CUSTOMARY REGULATORY APPROVALS INCLUDING FIRB AND ACCC.
- EPS ACCRETION OF 6% TO 26% (6% ON PRO FORMA FY2022 BASIS)
- COMPLETION OF TRANSACTION IS EXPECTED TO OCCUR IN SECOND HALF OF 2023
- OTR NETWORK AND WHOLESALE FUEL BUSINESSES WILL BE ACQUIRED BY WAY OF SHARE SALE, WHILE SMGB BUSINESS WILL BE VIA ASSET SALE
- ACQUISITION TO BE SELF-FUNDED VIA A$1 BILLION OF DEBT AND WORKING CAPITAL, AND A$150 MILLION EQUITY ISSUANCE TO SELLERS
- APPROXIMATELY 6,500 OTR TEAM MEMBERS AND SUPPORT CENTRE STAFF WILL JOIN VIVA ENERGY GROUP ON THEIR CURRENT TERMS AND CONDITIONS
- VIVA ENERGY WILL RETAIN OTR HEAD OFFICE IN ADELAIDE
- EXPECT ACQUISITION TO DELIVER A$4.2 BILLION OF SALES REVENUE ON PRO FORMA FORECAST FY2023 (JUNE-END) BASIS, WITH A$2.4 BILLION NON-FUEL SALES
- TRANSACTION IS EXPECTED TO RESULT IN RECOGNITION OF RIGHT-OF-USE ASSETS AND LEASE LIABILITIES OF A$950 MILLION
- ADDS A$165 MILLION EBITDA (RC) POST INTEGRATION AND SYNERGIES
- SEES ADDITIONAL A$10-A$15 MILLION ANNUAL MAINTENANCE CAPEX
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Last
$2.03 |
Change
-0.035(1.70%) |
Mkt cap ! $3.261B | |||
| Open | High | Low | Value | Volume |
| $2.07 | $2.07 | $2.02 | $4.229M | 2.076M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 74 | 156585 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 118858 | 48 |
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| Last trade - 15.02pm 08/09/2025 (20 minute delay) ? |
| VEA (ASX) Chart |