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.
Street Talk can reveal Ampol and Z Energy have been in advanced talks about the takeover proposal for weeks, and have even held discussions about Ampol seeking a secondary listing of its shares on New Zealand’s NZX.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
