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Article: BUSINESS IN ASIA TODAY - MAY 27, 2009.
- Article from:
- AsiaPulse News
- Article date:
- May 27, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on May 27, 2009. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
CALTEX AUSTRALIA BUYS 302 MOBIL SERVICE STATIONS
SYDNEY - Caltex Australia Ltd (ASX:CTX) will buy 302 Mobil service station sites around Australia for A$300 million (US$235.86 million) to expand its footprint in the retail fuel market. The acquisition price includes estimates for inventories and other settlement costs that will be finalised on completion. "It will enable Caltex to grow its business consistent with its long term strategy of being a marketing-led ...