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 ago2 Low Cost Active ASX ETFs to consider
-
Noosa News18 hours agoYoung voices shape Sunshine Coast’s future
-
Noosa News16 hours agoSudden death investigation, Maroochydore – Sunshine Coast
-
General22 hours agoUS stocks sink further as Donald Trump urges Americans to be ‘courageous and patient’