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Singapore sovereign wealth fund buys stake in Ampol property trust

Ampol Limited (ASX:ALD), formerly Caltex Australia, has spun off half of its service station properties into a property trust valued at AUD1.4 billion (USD1.0 billion) to pay down debt. Singapore’s sovereign wealth fund GIC and Charter Hall Group will jointly acquire a 49% minority interest in the property trust for AUD682 million (USD490 million). Charter […]

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