Normal
from memory the logic was the existing refineries back then , were getting old , creaky and leaky , and needed serious work/upgrade ( well that was the story ) , maybe they have been scheming this climate thing for longer than imagined ( trying to get rid off fossil fuels by 2030 or earlier ) but yes seen several businesses sell existing property and then lease it back ( it's one thing to sell into a REIT you control , but some don't even do that , i hope they are retiring debt with the proceeds )
from memory the logic was the existing refineries back then , were getting old , creaky and leaky , and needed serious work/upgrade ( well that was the story ) , maybe they have been scheming this climate thing for longer than imagined ( trying to get rid off fossil fuels by 2030 or earlier )
but yes seen several businesses sell existing property and then lease it back ( it's one thing to sell into a REIT you control , but some don't even do that , i hope they are retiring debt with the proceeds )
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