Ampol Shares Fluctuate Amid Divestment of Channel Infrastructure Stake

Thu 20 Mar 25, 01:56 AM | Team Kalkine

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Highlights

Minor Share Price Gain: Ampol shares up 0.1% to AU$23.90 after early volatility.

Asset Sale Announced: Subsidiary Z Energy to sell its 12.67% stake in Channel Infrastructure NZ Ltd for NZ$95 million (AU$87.2 million).

Debt Reduction Focus: Proceeds to help reduce Ampol’s net borrowings, which rose to AU$2.77 billion by December 2024.

Shares of Australian fuel supplier Ampol Ltd (ASX:ALD) showed mixed movement on Thursday following the announcement of a divestment by its wholly owned subsidiary, Z Energy. After initially fluctuating between a 2.4% gain and a 1% decline, Ampol shares settled at AU$23.90, up just 0.1%, underperforming the broader S&P/ASX 200 Index (ASX: XJO), which gained 0.8% in morning trade.

Strategic Divestment for Financial Strength

Ampol announced that Z Energy has reached an agreement to sell its entire shareholding in Channel Infrastructure NZ Ltd (NZE:CHI), a move in line with the company’s ongoing review of its asset portfolio.

The transaction, valued at approximately NZ$95 million (AU$87.2 million), aims to optimize Ampol’s capital structure, with all proceeds directed toward reducing debt.

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