Ampol sells minority stake in Z Energy properties

The sale of part of the Z Energy assets will free up capital for Ampol. (Image: Getty)

Mon, 29 Aug 2022

Fuel conglomerate Ampol will sell a 49% stake in properties owned by Z Energy to the Australian stock exchange-listed Charter Hall Group in a leaseback deal. Ampol will move Z’s 51 property assets into an unlisted vehicle in which Charter Hall Retail REIT will acquire a minority stake for $126 million.This is an extension of a partnership Ampol and Charter Hall share in Australia and allows the fuel distributor to free up capital to use elsewhere.Z Energy will retain a 51% stake in the new property vehicle and pay Charter Hall an ann...

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