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 …
-
Business18 hours agoThis artificial intelligence (AI) and “Magnificent Seven” stock will be the next company to surpass a $3 trillion market cap by the end of 2025
-
General19 hours agoFootballers and movie stars: PM’s Shanghai tourism push
-
Noosa News18 hours agoYIMBYs vs NIMBYs as the battle for affordable housing moves into your backyard
-
General16 hours ago‘Hidden and radical’ power of First Nations women unlocked in big hART’s Punkaliyarra project