Ampol, an Australian petroleum company with headquarters in Sydney, offered to acquire Z Energy, a New Zealand fuel distributor with branded service stations, for $1.3bn. "Z Energy is a logical growth opportunity for Ampol as both companies are market leaders in their respective home markets and have very similar business models. A successful acquisition would create an A&NZ leader in fuel, with significant regional scale and trusted and iconic brands on both sides of the Tasman," Matt Halliday, Ampol CEO and Managing Director.