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Reuters

Business

Australia's Viva Energy sells 35.5% stake in Viva Energy REIT

Australian fuel supplier Viva Energy Group <VEA.AX> said it would sell its 35.5% stake in petrol station owner Viva Energy REIT <VVR.AX> for about A$207.1 million ($137.56 million).

The company said on Thursday that 10% of the stake would be equally split between Charter Hall Group <CHC.AX> and Charter Hall Long WALE REIT <CLW.AX>.

It added that it had entered into an underwriting agreement with two lead managers for the sale of the remainder.

(Reporting by Shriya Ramakrishnan in Bengaluru)

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