New Zealand Herald Business Editor Hamish Rutherford on Z Energy Looking to Australia

Wellington Mornings with Nick Mills

English - October 12, 2021 01:35 - 7 minutes - 6.6 MB
Daily News News News Commentary Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Wellington's Kāpura hospitality CEO has launched a campaign to up vaccination rates

Next Episode: Oliver Gazley: Jemima 'slipped away beautifully, peacefully and calmly'

New Zealand's largest fuel company appears to be headed into Australian ownership as Z Energy's board of directors recommended its shareholders accept a marginally improved $2 billion offer from Ampol.
Structured as a scheme of the arrangement, the deal values Z Energy at around $2 billion, well down from the company's peak in 2016 when shares in Wellington-headquartered Z Energy traded at more than $8.50.
New Zealand Herald Business Editor Hamish Rutherford tell Nick Mills what this particular means for the Capital.

See omnystudio.com/listener for privacy information.