Champ, Headland divvy up Miclyn

JUST days after buying 33.2% of Miclyn Express Offshore, private equity company Champ has sold part of its stake to Miclyn's next biggest shareholder.

It was announced on Wednesday that Champ had bought Macquarie Capital Group's 33.2% stake in Miclyn for about $199 million.

Champ paid $A2.15 cash per share, in line with Miclyn's value on the ASX.