Ampol – REIT Spin-Off

Ampol has announced the separation of a REIT which will contain 203 freehold convenience retail sites, with Charter Hall and Singapore’s GIC acquiring a 49% stake for $682 million and Ampol retaining 51%.

The transaction values the property trust at $1.4 billion.

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Ampol will receive net proceeds of $612 million and use them to pay down debt.

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