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Saturday 21 May 2022

OIO clears Ampol’s $2bn Z Energy acquisition

12th April 2022 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

The Overseas Investment Office has granted Australian fuel retailer Ampol permission to proceed with its $2bn purchase of Z Energy.

The green light followed the Commerce Commission’s approval last month, subject to Ampol selling its Gull service stations to Allegro Funds.

Z Energy is New Zealand’s largest fuel company and has a portfolio of 481 service stations, which stock hundreds of different food and beverage products.

 

 


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