The knives are out for Viva Energy, the $5 billion listed group that supplies about one-quarter of Australia’s liquid fuel requirements.
Viva Energy owns the Shell branded petrol station network and added Coles Express in May to take its portfolio to more than 700 stores. The other thing that tends to bring block trades is the threat of a falling market. Is the market about to fall? It is anyone’s guess.Stuck in the middle is Viva Energy, a well-known member of the ASX200 and probably big enough to graduate to the top-100 if it wasn’t for Vitol’s 40.85 per cent that restricts its free float and liquidity.
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