The U.K.’s EG Group is in talks to team up with Macquarie Group Ltd. in its attempt to acquire Caltex Australia Ltd., people familiar with the matter said. If their bid is successful, EG Group would keep Caltex’s main retail business, while Macquarie would take on its refinery unit and some infrastructure assets, the people said. While Caltex rejected the bid, Couche-Tard was given access to select non-public information to entice it to sweeten its offer. No firm agreements have been reached, and EG Group could opt to team up with another partner, the people said. Representatives for EG Group and Macquarie declined to comment, while Caltex didn’t immediately respond to emailed queries outside regular business hours in Australia.

Source: thestar February 11, 2020 13:18 UTC