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...

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