ASIA-PACIFIC

摘要

Cornerstone investors have covered at least half the book on viva energy's estimated ASX REIT listing of A$900m (US$675m), according to bankers in the know. The petrol stations owner has been lining up cornerstones at an indicative price range of A$2.10-$2.20, bankers said. Its market capitalisation is expected to reach around A$1.5bn. Viva expects to file a prospectus this week, with the institutional bookbuilding slated for the first week of August. Pricing and listing are expected in the week of August 8. Commodity trading company Vitol set up Viva Energy in August 2014, after acquiring the Australian downstream assets of oil major Shell for A$2.9bn. Viva is the exclusive distributor of Shell fuels and lubricants in Australia. Deutsche Bank and Bank of America Merrill Lynch are joint lead managers on the listing.