Ampol Executes Share Sale Agreement to Acquire Evie Networks

Summary by 6ix AI

Ampol Limited has announced a share sale agreement to acquire Evie Networks, a leading electric vehicle charging infrastructure company, through its wholly owned subsidiary. The acquisition aims to position Ampol as a major player in the public battery electric vehicle charging market in Australia, significantly expanding its network of charging bays. The transaction is expected to be fully debt funded and is subject to regulatory clearance, with completion targeted for the first half of the following year. Ampol anticipates achieving significant cost synergies and breakeven EBITDA from the combined business within a few years post completion.

Written by 6ix AI from the company’s filing. How 6ix writes summaries