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Z shy over takeover talk as it promises to do better... again

Ian Llewellyn
Fri, 30 Jul 2021

Z Energy says people will still be buying petrol for years to come. (Image: Getty)
Ian Llewellyn
Fri, 30 Jul 2021
Z Energy is being coy over speculation it could be the subject of a takeover bid, with its share price remaining below analysts' best expectations.Before an investors' day on Wednesday, the Australian Financial Review’s Street Talk column wondered whether New Zealand’s largest fuel retailer might comment on it being the subject of takeover interest.Z did, in a roundabout way. Executives made it clear they wouldn’t be taking questions on the subject but there was a written statement in response to speculation in the med...

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