From A to Z: Ampol cleared to buy Z Energy

Clearance given for Aussie's Ampol to buy NZ's largest fuel retailer - Z Energy (Image: Getty Photos)

Wed, 16 Mar 2022

The Commerce Commission has granted clearance for Ampol to acquire 100% of the shares in Z Energy.The clearance is subject to an undertaking from Australian company Ampol to sell its petrol retail chain assets in New Zealand, operating as Gull.ASX-listed Ampol recently agreed to sell Gull to Sydney-based private equity firm Allegro Funds for $572 million, clearing an obstacle for its takeover of the dominant fuel retailer, Z. Commission chair Anna Rawlings said the regulator was satisfied that, if Ampol sells Gull, “the acquisition w...

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