Sharechat Logo

OIO consents to acquisition of Z Energy

Tuesday 12th April 2022

Text too small?

Z Energy Limited (NZX/ASX: ZEL) (“Z”) has been advised by Ampol Limited (“Ampol”) that the New Zealand Overseas Investment Office (“OIO”) has granted Ampol consent to acquire 100% of Z, via Ampol Holdings NZ Limited (a wholly owned subsidiary of Ampol).

Ampol’s receipt of OIO consent is an important step in progressing Ampol’s proposed acquisition of Z by way of a Scheme of Arrangement (“Scheme”).

The remaining key condition is approval by the High Court. The application for Final Court Orders approving the Scheme is now scheduled to be considered before the presiding judge at the High Court in Wellington on Tuesday 26 April 2022 to allow for sufficient notice of the expected implementation of the Scheme to be provided to New Zealand Commerce Commission.

If High Court approval is obtained, the Scheme is expected to be implemented in mid-May 2022. Z will release further announcements regarding dates in due course.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MFB - FY25 Half Year Results Announcement Date
The Warehouse Group FY25 Q1 Trading Update
Manawa Energy FY25 Interim Results
November 8th Morning Report
Devon Funds Morning Note - 07 November 2024
VHP - Confirmation of re-election of Graham Stuart
November 7th Morning Report
PEB - Interim Financial Result to be Announced 26 November 2024
FSF - Changes to FCG and FSF listings
Cannasouth Addresses Shareholder Queries