Allegro/Gull deal approval another step in Z Energy takeover

The Commerce Commission clears another barrier for Ampol's takeover of Z Energy (Image: Supplied)

Fri, 08 Apr 2022

Another barrier in the way of Ampol taking over Z Energy has been removed by the Commerce Commission.The regulator has approved ASX-listed Ampol selling its current retail fuel operation in New Zealand – Gull – to GNZ Energy Bidco (GNZ).GNZ is controlled by Allegro Funds and owned by a combination of Allegro investors. The commission required the trade sale of Ampol’s Gull assets as part of its approval of the company taking over NZ’s largest fuel retailer Z.The commission approved the sale of Z on March 16 aft...

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