Listed Companies

Z's dead: brand lives on under Aussie ownership

Ian Llewellyn
Tue, 10 May 2022

Z's dead: brand lives on under Aussie ownership
Z is delisting today, but the brand will live on. (Image: Getty)
Ian Llewellyn
Tue, 10 May 2022
Z Energy’s less than 10-year life on the NZ Stock Exchange (NZX) comes to its formal end today as it delists following a takeover by Ampol.New Zealand’s largest liquid fuel retailer was formed when Shell exited the market in 2010 and was acquired by Infratil and the NZ Superannuation Fund for $891 million. Z was listed in 2013 and expanded further in 2016 when it bought former competitor Chevron, a subsidiary of Caltex.Australian-based Ampol bid just under $2 billion to take over Z, and it had to sell its NZ discount petrol ret...

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