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Coles Group Announces Alliance with Viva Energy

06 Feb 2019  |  09:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: New Alliance Partnership and Convenience Trading Update

Coles Group announced it has entered into an agreement to restructure the terms of the Fuel and Convenience Alliance with Viva Energy. The parties have agreed to extend the Alliance until 2029. The New Alliance is expected to deliver a more competitive customer offer, provide an opportunity to expand the network and better align contributions and incentives for each party to jointly grow the business going forward. Under the New Alliance, the Company will receive a commission per litre from Viva Energy based on fuel volumes achieved. Furthermore, Viva Energy will be responsible for setting the retail price of fuel and receive the retail fuel margin.

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