Viva Energy Australia Pty Ltd, part of the Viva Energy Group Limited (ASX: VEA), has agreed to sell its entire 35.5% security holding in Viva Energy REIT Limited (ASX: VVR) and after the completion, VEA will have no remaining security holding in VVR.
• VEA is committed to continuing to perform its role as manager and to support VVR, with such services being provided on a cost-recovery basis;
• VVR has a high-quality portfolio of strategically located service station and convenience retail assets which provide a strong and secure income stream for VVR.
At AEST 01:25PM, the VEA stock was trading at $1.860 per share, down by 4.202% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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