NewsBite

Z Energy

February 2024

Ampol has benefited from soaring margins, but that could change with more competition.

Ampol shares surge to record high

Australia’s largest fuel supplier surged following a strong full-year result featuring a higher than expected special dividend to investors.

  • Elouise Fowler

March 2022

Matt Halliday-led Ampol agrees to sell New Zealand petrol distribution business, Gull, for $NZ572 million.

Ampol sells New Zealand petrol distribution business for $534m

The sale will allow Ampol to complete a $NZ1.9 billion takeover of New Zealand’s Z Energy.

  • Colin Packham

October 2021

Ampol puts 18 development sites up for sale

The sites are mostly in regional centres, including a 2.5 hectare site in Portland in south-west Victoria.

  • Larry Schlesinger
It’s incumbent on us to take a leadership position for our customers” on the energy transition, says Ampol CEO Matt Halliday after unveiling a $1.9 billion agreed takeover of New Zealand petrol retailer Z Energy.

Bulked-up Ampol won’t wait for EV policies

It is looking to replicate its Australian real estate trust spin-off in New Zealand and raise up to $600 million in hybrid securities to fund the acquisition of Z Energy.

  • Updated
  • Ben Potter and William McInnes
Ampol CEO Matt Halliday is seeking to expand the fuels retailer’s position in New Zealand.

Ampol, Z Energy talks in overdrive

It’s down to the short strokes at Ampol and Kiwi counterpart Z Energy, who spent the weekend trying to iron out a few minor sticking points. 

  • Anthony Macdonald, Yolanda Redrup and Kanika Sood
Advertisement

September 2021

Ampol boss Matt Halliday’s pitch for Z Energy is all about scale.

Ampol, Z Energy talks turn to dividends, regulatory timetable

Takeover target Z Energy wants Australia’s Ampol to pick up regulatory risk associated with its $3 billion bid, by guaranteeing dividends flow to its shareholders while the mooted deal completes. 

  • Anthony Macdonald, Yolanda Redrup and Kanika Sood

August 2021

Ampol CEO Matt Halliday and his team have been in talks to acquire Z Energy for weeks, sources said.

Ampol fills up with Z Energy bid, MacCap on board

Australia’s Ampol has made a $2.5 billion-odd bid to acquire New Zealand’s Z Energy and become the biggest fuel retailer across the Tasman. 

  • Anthony Macdonald and Yolanda Redrup

July 2021

Street Talk.

Z Energy refuels memories of Ampol interest

If there’s one thing Z Energy didn’t want to talk to investors about at its investor day on Wednesday, it was takeover interest. 

  • Anthony Macdonald and Yolanda Redrup

May 2020

Neither bankers nor investors are completely happy with the new ASX rules.

Bankers rake in $200m off top 10 COVID-19 capital raisings

Elite investment banks and their preferred supply-side clients have been the biggest beneficiaries of the $20 billion capital-raising blitz since April.

  • Aleks Vickovich
Z Energy launched a capital raising on Monday morning.

Z Energy launches $272m placement

New Zealand fuel distributor Z Energy has pressed go on a $NZ292 million capital raising on Monday morning. 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

May 2019

Street Talk

Credit Suisse launches $NZ187.1m Z Energy block

Credit Suisse's equities desk is in the market seeking buyers for a 7.7 per cent stake in dual-listed petrol station owner Z Energy. 

  • Sarah Thompson and Anthony Macdonald

Original URL: https://www.afr.com/company/zel-1p5