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Ampol gets Z Energy deal, scraps equity raising

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Ampol has shored up its $NZ3.78 a share bid for Z Energy, and thrown in another NZ5¢ for a good measure.

After months of takeover talks, and six weeks in the data room, Ampol and Z Energy signed a scheme of arrangement late on Sunday night.

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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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Original URL: https://www.afr.com/street-talk/ampol-gets-z-energy-deal-scraps-equity-raising-20211010-p58yop