7-Eleven Aus’ Third Largest Private Company With Mobil Deal

Dynamic Business:

7-Eleven Stores Pty Ltd is now the third largest private company in Australia, after it announced that it has completed the acquisition of Mobil Oil Australia Pty Ltd’s retail fuels business, after signing a deal to buy Mobil’s retail arm in May.

7-Eleven Chief Executive Officer, Warren Wilmot, said the Mobil acquisition will significantly strengthen 7-Eleven’s presence on the eastern seaboard of Australia.

“We are thrilled that our acquisition of Mobil’s retail fuels business has been completed. The new sites build on 7-Eleven’s position as the leader in the convenience retailing industry in Australia, taking the number of 7-Eleven stores from 400 to more than 650.”

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