Business
Ampol spins off $1.4b petrol station property trust – Sydney Morning Herald
Fuel supplier Ampol, midway through a major rebranding effort from Caltex, has spun off half of its service station properties into a $1.4 billion property trust.
This off market transaction follows regular dialogue with the Ampol team over the past two years and reinforces our confidence in the convenience retail sector,” the fund’s managing director David Harrison said.
The deal may undermine Canadian giant Alimentation Couche-Tard and privately owned British company EG Group’s interest in Ampol. Both were vying for the Australian listed infrastructure and refinery company before the COVID-19 pandemic struck.
Couche Tard said in April it would return …
-
Noosa News23 hours agoJane Bunn weather: Cyclone Errol forms as effects of Alfred still felt across Queensland
-
Noosa News22 hours agoGabby Petito died after experiencing domestic violence. Young Aussies are identifying with her story
-
Noosa News21 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
General23 hours agoNo ‘band-aid solution’: sweating coal risky business