Brief: Ampol Executes Share Sale Agreement To Acquire Evie Networks For A$225 Million
BRIEF-Ampol Executes Share Sale Agreement To Acquire Evie Networks For A$225 Million Oct 1 (Reuters) - Ampol Limited ALD.AX:
AMPOL EXECUTES SHARE SALE AGREEMENT TO ACQUIRE EVIE NETWORKS
TO BUY 100% OF EVIE NETWORKS FOR A$225 MILLION
AMPOL (THROUGH A WHOLLY OWNED SUBSIDIARY) TO ACQUIRE 100% OF EVIE NETWORKS FOR A$225 MILLION
TO CREATE NETWORK OF 1,425 CHARGING BAYS ACROSS 400 SITES
TARGETING A$10 MILLION IN COST SYNERGIES WITHIN 3 YEARS POST COMPLETION
DEAL TARGETED TO COMPLETE IN FIRST HALF OF 2027
COMBINED BUSINESS EXPECTED TO ACHIEVE ANNUALISED EBITDA OF A$30 MILLION WITHIN 3 YEARS
Further company coverage: ALD.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Ampol
See all newsAustralian fuel retailer Ampol falls as Jefferies cuts price target
Jefferies cuts Ampol price target after Q3 trading update
Australia's Ampol drops to 8-week low on trimmed outlook
Ampol shares slump as maintenance work overshadows strong refining margins (updated)
Brief: Ampol Posts Q3 Lytton Refiner Margin $23.92 Per Barrel