Viva Energy to acquire OTR Group from Peregrine for $777m.

Viva Energy, an energy company, agreed to acquire OTR Group, a petroleum company, from Peregrine, an investment holding, for $777m. “The coming together of one of Australia’s best retail networks with one of Australia’s convenience offerings has enormous industrial logic. I will continue to support the business following completion of the transaction, and the entire team and I are completely committed to the successful integration of these businesses. The Shahin family is committed to continuing to see Adelaide as the home of OTR and Viva Energy have provided for the realisation of a larger, enhanced OTR to continue to be headquartered here,” Yasser Shahin, OTR Founder.