Woolworths, BP petrol deal to help cut debt, ramp up refurbishments – The Australian Financial Review
The petrol deal will allow Woolworths CEO Brad Banducci to press on with his store refurbishment program. Peter Rae The sale of Woolworths petrol business to BP for $1.8 billion will allow the company to cut its debt and pay for the $2 billion a year program to refurbish its supermarkets, but analysts have warned…