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Challenger Infra Completes $297.5 Million LBC Jersey Sale

Sept. 10 (Bloomberg) -- Challenger Infrastructure Fund 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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