Caltex Australia's Gull purchase may be a stepping stone to buying Mobil
Did Caltex Australia pay too much for Gull?
Caltex Australia’s end goal in buying Gull may be acquiring Mobil New Zealand.
On Thursday, Caltex Australia, which is listed on ASX, said it is buying gull for $340 million or 8.2 times Gull’s forecast 2017 earnings before interest, tax, depreciation and amortisation, or ebitda.
Gull has 77
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Jenny Ruth
Fri, 23 Dec 2016
Fri, 23 Dec 2016
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Caltex Australia's Gull purchase may be a stepping stone to buying Mobil
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