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Viva Energy Sells 35.5% Holdings In Viva Energy REIT

February 21, 2020- Viva Energy (the Company) confirmed that it has sold its 35.5 percent security holding in Viva Energy REIT (VVR) by way of a fully underwritten block trade, and a sale to each of the Charter Hall Group (ASX: CHC) and the Charter Hall Long WALE REIT (ASX: CLW).

As disclosed yesterday, a 25.5 percent interest in VVR was sold through the underwritten trade, and a 5 percent interest was sold to each of CHC and CLW.

Following completion of those transactions, the Company will receive $2.66 per VVR security, being a total of $734.3 million, and an estimated $112.9 million pre-tax profit on the sales. The sales are expected to settle during the next week.

Read more here..