Z Energy sells Channel Infrastructure stake for $95m

Z Energy's parent company Ampol made the announcement on Thursday. (Image: NZME)

Thu, 20 Mar 2025

Z Energy is selling its 12.67% stake in Channel Infrastructure.Formerly Refining NZ, New Zealand Exchange-listed (NZX) Channel Infrastructure operated the Marsden Point Oil Refinery before it became an import-only fuel terminal in 2022.The company now provides fuel storage, handling and distribution services.Z Energy’s parent company, Australian Securities Exchange-listed (ASX) Ampol, said the sale aligned with Ampol’s capital allocation framework, which included regular reviews of its assets and shareholdings to maintain an efficie...

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