Challenger Infra Completes $297.5 Million LBC Jersey Sale

Challenger Infrastructure Fund (CIF) and Challenger Life completed the sale of LBC Terminals Jersey Ltd. to Dutch pension funds APG Groep NV, PGGM NV and Australian pension fund investors for $297.5 million for the remaining 70 percent stake.

Access Capital Advisers advised the purchasing consortium, according to an emailed statement from the company.

To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.net

To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net

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