Australia's Ampol makes $1.3b bid for New Zealand fuel supplier Z Energy

Australia's Ampol makes $1.3b bid for New Zealand fuel supplier Z Energy

Photo: Jean Christophe / Unsplash.com

Australia’s top fuel supplier Ampol Ltd made a NZ$1.97 billion ($1.34 billion) takeover bid for New Zealand peer Z Energy, valuing it at a 24% premium to its last closing price, the companies said on Monday.