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Caltex Australia's Gull purchase may be a stepping stone to buying Mobil

Did Caltex Australia pay too much for Gull?

Jenny Ruth
Fri, 23 Dec 2016

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
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Caltex Australia's Gull purchase may be a stepping stone to buying Mobil
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