Energy

ComCom asks tough questions over Ampol's takeover of Z

Ian Llewellyn
Sat, 20 Nov 2021

ComCom asks tough questions over Ampol's takeover of Z
Ampol's proposal to offload Gull in its pursuit of Z Energy has raised a few issues for the Commerce Commission. (Image: Getty Photos)
Ian Llewellyn
Sat, 20 Nov 2021
Regulatory approval for Ampol’s $2 billion takeover of Z Energy may not be as straightforward as many seem to think, with the regulator questioning how it can be certain proposed arrangements will guarantee competition.Australian owned Ampol wants 100% of New Zealand’s largest fuels retailer and has offered to divest itself of its Gull business in this country.It argues this will mean there is no change to the competitive market in New Zealand, so therefore the deal should be approved.However, the Commerce Commission’s in...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Transport
Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Law & Regulation
Fate of 'faulty' cladding in the balance as appeal court mulls submissions
Greg Hurrell | Mon, 15 Aug 2022

The fitness for purpose of James Hardie's fibreboard cladding was at the heart of a two-week trial in Wellington's court of appeal, where homeowners tried to overturn their defeat in the high court last year.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.