Caltex in shake-up of $2bn retail property portfolio – The Australian Financial Review
Fuels supplier Caltex Australia has revealed a restructuring of its property assets with the potential to unlock $1.5 billion of proceeds but the long-term nature of the strategy has underwhelmed some investors hoping for a “big bang” move that would provide more immediate returns. Caltex shares sank 7.9 per cent on news of the plans,…