Viva Sensibly Resets Alliance with Coles Express including Right-to-Price and Additional Margin.
We make no change to our AUD 3.00 fair value estimate for no-moat Viva Energy. Our fair value didn’t anticipate the Coles impasse with associated volume degradation would persist. Viva and Coles have allowed common sense to prevail and rearranged their Coles Express retail alliance. Viva Energy will take full responsibility for retail fuel pricing and marketing, while Coles Express will remain responsible for operating the stores and provide the convenience offering. Viva will now collect the fu...Viva Energy Group Ltd. Viva Energy Group Ltd is an Australia-based integrated downstream petroleum company. The Company operates across three business segments: Retail, Fuels and Marketing; Refining; and Supply, Corporate and Overheads. Retail, Fuels and Marketing segment consists of retail and commercial operations. Retail, which supplies and markets fuel products and lubricants through a national network sites. Commercial, which supplies of fuel, lubricants and specialty products to commercial customers. Refining segment owns and operates the Geelong Refinery, in Victoria, which converts imported and locally sourced crude oil into petroleum products including gasoline, diesel, jet fuel, aviation gasoline, gas, solvents, bitumen and other specialty products. Supply, Corporate and Overheads segment owns contracted access to a national infrastructure network comprising terminals, retail sites, storage tanks, depots and pipelines positioned across metropolitan and regional Australia.
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