NZ's Channel Infrastructure rises on buying interest in Melbourne jet fuel supply chain

About this update from Channel Infrastructure Nz Limited

** Shares of Channel Infrastructure NZX:CHI rise as much as 4.8% to NZ$2.83, their highest level since October 7** Fuel importer and distributor acquires strategic 25% interest in the Somerton jet fuel pipeline, a critical infrastructure asset in Melbourne's jet fuel supply chain for A$14.2 million ($9.18 million)** Acquisition is expected to be cash flow accretive from FY2026, adds co** Separately, co says it anticipates admission into the official list of the ASX to occur early in 2026** YTD, stock up 49.7%, including the day's moves($1 = 1.5468 Australian dollars)

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