Please, stop selling our companies to the Aussies

The proposed Z Energy sale shows the difference between founder dominated companies and companies controlled by fund managers and professional directors. (Image: Adobe Stock)

Brian Gaynor

Sat, 13 Nov 2021

Z EnergyWhy are Z Energy directors recommending the sale of their company to Australia’s Ampol when there are exciting opportunities in the automotive fuel sector, particularly the switch to electric vehicles (EV)?The EV sector is buzzing and this week the startup electric-vehicle manufacturer Rivian Automotive listed on the Nasdaq after raising nearly US12 billion (NZ$17.13b), the largest US initial public offering (IPO) since 2014. Rivian’s share price closed at US$100.7 on Thursday New York time, a 29.1% appreciation over it...

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