Woolworths Limited
(ASX:WOW) has commented on media speculation related to the sale of its petrol business.
The company has confirmed it is currently evaluating whether to retain or dispose of its fuel arm and has received incomplete and conditional proposals from a number of parties.
These proposals include offers to purchase the business and proposals to develop an enhanced convenience and loyalty offer.
Woolworths has advised no decision has yet been reached and it is possible no transaction will result.
Woolworths Group reported a net loss of $2.35 billion at 30 June 2016.
