Viva Energy acquires OTR Group for AU$1.15 billion

Viva Energy Group Limited (ASX: VEA) has agreed to acquire Australian convenience retailer OTR Group from Peregrine Corporation for AU$1.15 billion. The deal will be funded by AU$1.0 billion of debt and working capital, and an AU$150 million equity issuance to sellers, which will be subject to escrow for between 12 and 24 months. The acquisition, which is subject to regulatory approval, is expected to close in H2 2023.

This acquisition will support Viva Energy’s vision to be Australia’s leading convenience retailer, with a pathway to establish more than 1,000 stores, and accelerates earnings growth of Viva Energy convenience business and integration of Coles Express acquisition through OTR proven product offering, synergies, associated brands, quick-service restaurant operations, advanced technology and supply chain capability.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com