Ampol's Unit Enters Agreement to Sell Channel Infrastructure Stake for NZ$95 Million

MT Newswires Live

2025/03/20

Ampol's (ASX:ALD) unit, Z Energy, agreed to sell its entire 12.67% stake in Channel Infrastructure (NZE:CHI), the operator of New Zealand's Marsden Point fuel import terminal, for about NZ$95 million, according to a Thursday filing with the Australian bourse.

The sale is part of Ampol's capital optimization strategy and will not affect existing commercial arrangements between Z Energy and Channel Infrastructure, the filing said.

Proceeds from the sale will be used to reduce debt, the filing added.

Channel Infrastructure's shares fell past 2% in recent Thursday trade.

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