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Ampol Limited ( (AU:ALD) ) has issued an update.
Ampol Limited has announced its decision to divest its retail electricity businesses in Australia and New Zealand as part of its strategy to simplify its energy solutions. This move allows Ampol to concentrate on its electric vehicle charging network and renewable fuels, aiming to improve earnings and respond more effectively to the evolving energy transition. The divestment is expected to generate approximately $65 million in pre-tax proceeds and uplift the company’s EBITDA by around $30 million annually by the end of 2025, in addition to a previously announced cost reduction program.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$31.40 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
More about Ampol Limited
Ampol Limited is a company operating in the energy sector, focusing on electric vehicle (EV) charging and renewable fuels. The company is involved in the energy transition, particularly in Australia and New Zealand, and aims to enhance its market position by simplifying its energy solutions.
YTD Price Performance: -8.82%
Average Trading Volume: 1,301,075
Technical Sentiment Signal: Hold
Current Market Cap: A$6.11B
See more data about ALD stock on TipRanks’ Stock Analysis page.