Business
Ampol pushes ‘Buy Australian’ as it mulls shutdown of Qld refinery – The Australian Financial Review
Ampol has launched a $300 million buyback and the CEO says the rebadge of Caltex petrol stations to Ampol will help drive growth along with cost-cutting.
The $300 million buyback will begin on December 7 and close on January 22, 2021, and equates to about $1.20 per share. Ampol shares jumped 7.25 per cent to $30.49 in opening trade and finished 4.6 per cent higher at $29.75.
Mr Halliday said Ampol had also mandated a number of banks to investigate a potential issue of hybrid securities.
Ampol also outlined it is targeting an extra $40 million in cost savings by 2022 through a combination of office relocations, information technology simplification…
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