Wake Up Call: Z Energy a 'sitting duck' for sale

Z Energy would be a more attractive target with the removal of its deadweight funding agreement with Refining NZ. (Image: Deposit Photos)

Staff reporters

Tue, 27 Jul 2021

Summary Coffee and pie is on the menu today, with coffee prices spiking due to cold weather in Brazil affecting crops, and the Melbourne Cup of pie competition results announced today.Takeover offers Analysts attending tomorrow’s Z Energy investor day will be seeking information from the fuel retailer about whether it has received any takeover offers, reports the AFR. AFR described Z as a “bombed-out fuel retailer ... a one-time market darling whose value and share price have tanked in the past five years”. Z Energy would...

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