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| The Pub For General Automotive Related Talk |
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22-07-2010, 05:06 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,307
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ACCC approves 7-Eleven's Mobil bid
By online business reporter Michael Janda A leading competition law expert says 7-Eleven's expansion will make the petrol market more competitive (ABC: Graeme Powell) The competition watchdog has given the go-ahead for 7-Eleven and Peregrine to buy 295 Mobil service stations. 7-Eleven will be purchasing the service stations off Mobil for an undisclosed sum, but then onselling the 29 outlets in South Australia to Peregrine. The Australian Competition and Consumer Commission (ACCC) says the takeover will not substantially reduce competition, after it received undertakings from 7-Eleven agreed to on-sell three of the service stations, while Peregrine will divest one. "The ACCC considers that the proposed acquisitions by 7-Eleven and Peregrine, when viewed with the proposed divestitures, will not substantially lessen competition in the relevant markets," ACCC chairman Graeme Samuel said. A previous $302 million bid by Caltex for the service stations was blocked by the ACCC on competition grounds.
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22-07-2010, 05:20 PM
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King of the Fairy's.
Join Date: Jan 2007
Location: CeeeeeTown.
Posts: 5,093
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Bugger, 7/11 around here is always the most expensive and the local Mobil always the cheapest!
Hopefully they keep the management.
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22-07-2010, 06:10 PM
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FF.Com.Au Hardcore
![Jason[98.EL]'s Avatar](image.php?s=9ab67168a9d391ed2dd57d53a3f2e60d&u=1723&dateline=1308224951)
Join Date: Jan 2005
Location: GEELONG
Posts: 7,946
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managment wont dictate the prices unfortunatly
it will be done from head office it sucks the big one but i can see prices going up in the local areas unless it sparks a price war we have mobil BP united and shell plus a couple i cant think of Jason
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no longer have a ford but a ford man at heart R.I.P 98 EL MAY YOU HAVE A GOOD LIFE IN FALCON HEAVEN [SIGPIC][/SIGPIC]
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22-07-2010, 06:33 PM
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FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
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Currently Coles and Woolworths buy most of the petrol stock in Australia (I recall a figure of over 70%) and then resell it to the independants because they cant buy it from the distributer anymore.
Im wondering which refinery 7/11 intend to buy fuel from or are they just going to buy the fuel back off coles and woolies??
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You've seen it, you've heard it and your still asking questions?? Don't write off the Goose until you see the box going into the hole.... |
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22-07-2010, 06:36 PM
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FF.Com.Au Hardcore
Join Date: Jan 2005
Location: GEELONG
Posts: 7,946
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nope they will get it from mobil
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no longer have a ford but a ford man at heart R.I.P 98 EL MAY YOU HAVE A GOOD LIFE IN FALCON HEAVEN [SIGPIC][/SIGPIC]
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22-07-2010, 06:42 PM
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Banned
Join Date: Mar 2009
Posts: 688
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Management wont be staying. Someone I am very close to in management with Mobil is affected by this and is looking at copping a redundency.
So yep all the Mobils will become 7-11 Curry Houses before too long................ |
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22-07-2010, 06:49 PM
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Regular Member
Join Date: Jun 2010
Location: Barossa Valley, South Australia
Posts: 250
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how do they say it won't reduce competition when the 29 7/11 are onselling in SA they are onselling to the company that runs the BP service stations here in SA??
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22-07-2010, 07:00 PM
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FF.Com.Au Hardcore
Join Date: Feb 2010
Posts: 1,242
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Yeah its gonna be a real bugger with the competition. We are only going to be able to source our petrol from 5 different companies, who in turn source there petrol from different refineries.
mmmmmmm, Once electric cars take over, I am going to be able to source my electricity from one of two retailers, who maybe able to source their product from two generators. |
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22-07-2010, 07:10 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,307
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Quote:
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CSGhia |
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22-07-2010, 07:31 PM
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FF.Com.Au Hardcore
Join Date: Jan 2005
Location: ACT
Posts: 11,647
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Quote:
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FG2 XR6T KIA Cerato 2022 Kawasaki Z900
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23-07-2010, 11:43 AM
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Former BTIKD
 
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Unfortunately (from my point of view) Is that they will probably go the same way as Coles/Woolies.
Not long after Shell/Caltex Roadhouses were taken over by the big two the roadhouse side of things were closed. All the big two wanted was the fuel and retail shop. After taking over the roadhouses they then leased the cafe's to outside companies who stopped decent food, 24hr service and increased prices. Try getting something to eat, or even coffee, between the Qld and Vic borders from midnight and 6:00am !
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Dying at your job is natures way of saying that you're in the wrong line of work.
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ACCC approves 7-Eleven's Mobil bid
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