Aug 17 (Reuters) - Ampol Ltd (ALD) :
- ASX ALERT-CONSORTIUM TO ACQUIRE A 49% INTEREST IN 203 FREEHOLD SITES-ALD.AX
- ANNOUNCES ESTABLISHMENT OF AN UNLISTED PROPERTY TRUST THAT WILL OWN 203 CORE FREEHOLD CONVENIENCE RETAIL SITES
- CHARTER HALL AND GIC CONSORTIUM WILL ACQUIRE A 49% MINORITY INTEREST IN PROPERTY TRUST FOR $682 MILLION
- PROPERTY TRUST WILL RECEIVE ABOUT $77 MILLION IN RENTAL PAYMENTS FROM AMPOL IN FIRST YEAR
- EXPECTS TO RECEIVE NET PROCEEDS OF ABOUT $612 MILLION AFTER TAXES FROM DEAL
- ALL SITES HELD WITHIN PROPERTY TRUST WILL BE LEASED BACK TO AMPOL UNDER LONG-TERM TRIPLE NET LEASE ARRANGEMENTS
- TRANSACTION EXPECTED TO COMPLETE BY END OF 2020
- ON DEAL CLOSE , CO TO HOLD 51% CONTROLLING INTEREST IN PROPERTY TRUST; MAINTAIN STRATEGIC,OPERATIONAL CONTROL OF CORE CONVENIENCE RETAIL SITES
Aug 17 (Reuters) - Ampol Ltd (ALD) : ASX ALERT-CONSORTIUM TO...
Add to My Watchlist
What is My Watchlist?