Announced
Financials
Tags
Public
Pending
Cross Border
fuel distributor
Acquisition
Majority
New Zealand
service stations
Diversified Retailers
Single Bidder
Friendly
Synopsis
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.
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