abc.net.au/news/service-station-chain-otr-to-be-sold-to-viva-energy/102188632One of South Australia's largest private employers, service station chain OTR, is set to be taken over in a deal worth more than $1 billion.It means Viva will take on 205 stores operating under the OTR bannerPetrol and diesel supplier Viva Energy has struck an agreement to buy the OTR Group from Peregrine Corporation — owners of OTR convenience stores and petrol stations.
It means Viva will take on 205 stores operating under the OTR banner that generate more than $3 billion worth of revenue a year and employ about 6,500 people.OTR founder Yasser Shahin told ABC Radio Adelaide that the regulatory approval process could take anywhere from six to 18 months."The intention and the reason behind this deal is to replace what is now the Coles Express brand in 700-plus Shell sites and replace that with OTR," he said.
OTR operates in South Australia and north-west Victoria, and Mr Shahin said the current workforce would be offered jobs "on no less favourable terms". The chain recently secured the ablility to sell alcohol through its app after a successful appeal to SA's licensing court. Last year, it was revealed OTR had agreed to pay almost $5.8 million to settle long-running wage underpayment claims, after