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Why Is Ampol Exiting Retail Electricity to Focus on EV Charging and Renewables?
7:47am on Tuesday 13th of May, 2025 AEST
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Energy
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Why Is Ampol Exiting Retail Electricity to Focus on EV Charging and Renewables?
7:47am on Tuesday 13th of May, 2025 AEST
Key Points
Ampol sells NZ retail electricity business to Meridian Energy for NZ$70 million
Australian retail electricity business sold to AGL for a nominal sum
Pre-tax cash proceeds of approximately $65 million expected
Group EBITDA uplift of circa $30 million per annum anticipated by end 2025
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