Z Energy held back by holiday traffic

Z Energy-Ampol deal could face a red light (Image: Getty)

Fri, 24 Dec 2021

Z Energy shares slid after the Commerce Commission reiterated concerns about Ampol’s $2 billion takeover of the company.The fuel company was among the few companies that attracted any interest on a quiet Christmas Eve when the S&P/NZX 50 Index increased 0.2% or 25.7 points to 12888.41.Turnover was a light $46.1 million in a shortened trading day.Z Energy ended down 1.2% at $3.45.Australian-owned Ampol wants 100% of New Zealand’s largest fuels retailer and has offered to divest itself of its Gull business in this country. The opt...

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