Caltex inches nearer to take care of Canadian suitor

Canadian comfort big Alimentation Couche-Tard is inching nearer to its takeover goal Caltex Australia after hammering out a confidentiality settlement with the gas retailer’s administration.

Canadian firm Couche-Tard faces a potential rival from the UK in its efforts to secure Caltex.

Canadian agency Couche-Tard faces a possible rival from the UK in its efforts to safe Caltex.Credit score:9

Caltex launched an announcement to the ASX on Thursday morning saying it had signed a confidentiality settlement with Couche-Tard to offer chosen private data to the Canadians over coming days.

The briefings will happen in Sydney after Couche-Tarde’s senior administration crew, headed by chief govt Brian Hannasch and chief monetary officer Claude Tessier, signed an settlement with Caltex’s managing director and chief govt Julian Segal.

“Caltex in the present day proclaims that it has entered right into a confidentiality settlement with Couche-Tarde to facilitate the availability of chosen private data. This data can be supplied to Couche-Tarde within the coming days,” petrol retailer and refiner mentioned.