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Company News Summary

Ampol Advises on Proposed Acquisition of Z Energy

23 Aug 2021  |  09:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Ampol's Proposed Acquisition of Z Energy

Ampol confirmed that it has submitted a non-binding indicative proposal to acquire 100% of the shares of Z Energy for a cash offer price of NZ$3.78 per share (Offer Price), with the proposed transaction to be implemented by way of a NZ scheme of arrangement (Proposal). The Company's Proposal follows a period of private discussions which included an initial non-binding indicative proposal of NZ$3.35 per share being submitted on 2 June 2021, with a subsequent proposal of NZ$3.50 per share submitted on 1 July 2021.

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