Viva Energy Group Ltd. (AU:VEA) has released an update.
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Viva Energy Group Ltd. is set to expand its footprint in Australia’s convenience retail sector after the Australian Competition and Consumer Commission approved its acquisition of the remaining 50% stake in Liberty Convenience. The deal involves Viva Energy acquiring 88 active sites and 10 planned sites from the joint venture, while divesting 14 sites as part of a court-enforceable undertaking. The acquisition is expected to complete in the first quarter of 2025, pending necessary approvals.
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