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Ampol Limited ( (AU:ALD) ) has shared an announcement.
Ampol Limited announced that its subsidiary, Z Energy Limited, has agreed to sell its entire 12.67% shareholding in Channel Infrastructure. The sale, which aligns with Ampol’s capital allocation framework, will generate approximately NZ$95 million in proceeds, which will be used for debt reduction. The transaction does not affect the long-term commercial agreements between Z Energy and Channel Infrastructure, ensuring continued reliable fuel supply in New Zealand.
More about Ampol Limited
Ampol Limited is a company operating in the energy sector, primarily involved in the supply and distribution of fuel products. It focuses on maintaining an efficient capital structure through regular reviews of its assets and shareholdings.
YTD Price Performance: -16.42%
Average Trading Volume: 11,203
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.69B
See more data about ALD stock on TipRanks’ Stock Analysis page.