Z Energy shares are in a trading halt --- pending an announcement from the fuel retailer about a possible material transaction amid persistent takeover rumours
Z Energy shares are in a trading halt --- pending an announcement from the fuel retailer about a possible material transaction amid persistent takeover rumours
23 August 2021
A report in the Australian Financial Review suggests Gull's parent company Ampol has made a 2.5-billion-dollar bid for Z Energy.
Z Energy has been subject to persistent takeover rumours across the Tasman, with the talk ramping up after the recent vote to close down the refinery at Marsden Point and turn it into an import only terminal.
The New Zealand Superannuation Fund owns 10-percent of the company.
© 2024 Newstalk ZB, NZCity