Connect with us

National

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.

Published

on

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 …

Click here to view the original article.