BUZZ-Australia's Ampol up on plans to divest Aus, NZ retail electricity businesses

Reuters

May 13, 2025

** Australian fuel retailer Ampol's ALD.AX shares rise 1% to A$26.005

** Stock climbed as much as 2.8% earlier in the day, hitting highest level since March 4

** Co to divest its New Zealand and Australian retail electricity businesses

** The decision is part of ALD's intention to focus on electric vehicle $(EV)$ charging and renewable fuels

** ALD expects to receive pre-tax proceeds of A$65 million ($41.54 million) as a result of the transactions

** Additionally, co's group replacement cost operating profit (RCOP) EBITDA is expected to improve by about A$30 million per annum at the end of 2025, reflecting reduction in losses incurred relative to 2024

** Stock down 8.6% this year, as of last close

($1 = 1.5649 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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electricity businesses </p><p>** The decision is part of ALD's intention to focus on electric vehicle <a href=\"https://laohu8.com/S/EV\">$(EV)$</a> charging and renewable fuels</p><p>** ALD expects to receive pre-tax proceeds of A$65 million  ($41.54 million) as a result of the transactions</p><p>** Additionally, co's group replacement cost operating profit (RCOP) EBITDA is expected to improve by about A$30 million per annum at the end of 2025, reflecting reduction in losses incurred relative to 2024</p><p>** Stock down 8.6% this year, as of last close</p><p>($1 = 1.5649 Australian dollars)</p><p> (Reporting by Sherin Sunny in Bengaluru)</p><p> 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A$26.005** Stock climbed as much as 2.8% earlier in the day, hitting highest level since March 4** Co to divest its New Zealand and Australian retail electricity businesses ** The decision is part of ALD's intention to focus on electric vehicle  charging and renewable fuels** ALD expects to receive pre-tax proceeds of A$65 million   as a result of the transactions** Additionally, co's group replacement cost operating profit  EBITDA is expected to improve by about A$30 million per annum at the end of 2025, reflecting reduction in losses incurred relative to 2024** Stock down 8.6% this year, as of last close  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7065":"石油与天然气的炼制和营销","ALD.AU":"AMPOL LTD"},"translate_title":"BUZZ-澳大利亚Ampol计划剥离澳大利亚和新西兰零售电力业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALD.AU":0.9},"content_text":"BUZZ-Australia's Ampol up on plans to divest Aus, NZ retail electricity businesses** Australian fuel retailer Ampol's ALD.AX shares rise 1% to A$26.005** Stock climbed as much as 2.8% earlier in the day, hitting highest level since March 4** Co to divest its New Zealand and Australian retail electricity businesses ** The decision is part of ALD's intention to focus on electric vehicle $(EV)$ charging and renewable fuels** ALD expects to receive pre-tax proceeds of A$65 million  ($41.54 million) as a result of the transactions** Additionally, co's group replacement cost operating profit (RCOP) EBITDA is expected to improve by about A$30 million per annum at the end of 2025, reflecting reduction in losses incurred relative to 2024** Stock down 8.6% this year, as of last close($1 = 1.5649 Australian dollars) (Reporting by Sherin Sunny in Bengaluru) 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