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AFX Europe (Focus): Australia's Coles Myer purchases Shell Autoserv business:

Friday Jan 06, 2006
SYDNEY (AFX) – Coles Myer Ltd, Australia's largest retailer, said its Kmart Tyre and Auto Service subsidiary has acquired 90 Shell Autoserv and Auto Care automobile servicing branches from Shell Australia Ltd for an undisclosed amount.
The retailer said the agreement is effective Feb 20 and will see the Shell Autoserv and Auto Care sites re-branded to Kmart Tyre and Auto Service progressively.
The acquisition will make Kmart Tyre the largest automobile servicing business in Australia with over 280 stores, many located next to Coles Express service stations.
Kmart Tyre and Auto Service currently provides automobile servicing at over 195 branches across Australia.
bruce.hextall@xfn.com
blh/dk
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