Is Z Energy NZ owned?
There are 227 Z Energy service stations around New Zealand, including 60 in Auckland….Z Energy.
| Trade name | Z |
|---|---|
| Parent | Ampol |
| Subsidiaries | New Zealand Oil Services Limited (50%) Wiri Oil Services (28%) Loyalty New Zealand (25%) Coastal Oil Logistics (25%) The New Zealand Refining Company (15%) Caltex NZ |
| Website | z.co.nz |
Is Z the same as Caltex?
Z Energy currently operates the Caltex network in New Zealand using the brand under licence from Chevron International. At Caltex, we have achieved many breakthroughs in our products and services over our 80 years of operation.
Has z been sold?
Z Energy shareholders have overwhelmingly backed a deal to sell the business to Australian fuel company, Ampol, for close to $2 billion. The final voting results were 98.7 percent in favour and 1.27 percent against.
How many employees does Z Energy have?
We’re a local company of more than 400 Kiwi staff who work across much of New Zealand.
Who is Z Energy owned by?
Ampol
“Z will be purchased by Ampol, a very large downstream fuel company in Australia for around $2 billion,” Z CEO Mike Bennetts says.
What is happening with Z Energy?
BackZ Energy Limited (“ZEL”) – Intention to Delist The final day of trading in ZEL ordinary shares will be Thursday, 28 April 2022, with trading in ZEL being halted and suspended at close of business. The record date for determining shareholder entitlements to participate in the Scheme is Tuesday 3 May 2022.
Who bought Z Energy?
In August Australian fuel retailer Ampol, which owns Gull, made an offer to take over Z Energy with an offer of $3.78 per share. The takeover offer was cleared by the Commerce Commission on the condition Ampol sold its Gull New Zealand business to a buyer approved by the commission.
Where is Z card accepted?
Z Fuel Card Offers Save 7c per litre off petrol with our Z Business Fuel Card, which can be used at Caltex, Challenge and Z service stations across NZ.
What fuel does Z use?
Z’s B100 diesel will meet the New Zealand and European biodiesel standard – where biodiesel has been used for many years. Our standard Z Bio D is made from up to 5% biodiesel blended with ordinary diesel (called a B5 blend) that meets the same NZ fuel specifications as ordinary diesel.
Is BP NZ owned?
The British Petroleum Company of New Zealand was established in 1946. It was 51% owned by the New Zealand Government and 49% by Anglo-Iranian Oil. In 1955 the New Zealand Government sold their shares in British Petroleum to the company and in 1957 the name was changed to bp Oil New Zealand Ltd.
Is Z Energy listed on ASX?
Z is a wholly owned subsidiary of Ampol after they acquired the Z Shares through a scheme of arrangement on 10 May 2022. Prior to this transaction, Z was a publicly listed company on the NZX and ASX. Z is a subsidiary of Ampol, you cannot purchase shares directly in Z.
Who bought Z?
“Z will be purchased by Ampol, a very large downstream fuel company in Australia for around $2 billion,” Z CEO Mike Bennetts says. Z Energy’s recommending its shareholders accept the takeover offer of $3.78 a share.
What happens to my Z Energy shares?
Subject to final NZX conditions being met, and the Scheme being implemented as proposed, ZEL ordinary shares will be delisted and will cease to be quoted on the NZX Main Board from close of business on Thursday, 10 May 2022.
Who owns Z Energy?
AmpolZ Energy / Parent organization
Can you use Caltex card at Z?
Caltex Fuel Cards are now issued by Z, and can be used at Caltex, Challenge and Z for Petrol and Diesel purchases – including Truckstops.
Where are Z cards accepted?
Where does NZ buy fuel from?
Imported fuel Fuel that’s imported directly into New Zealand comes mainly from refineries in Asia, the Middle East and the Pacific, primarily via the Singaporean and Korean hubs.
Does Infratil own Z Energy?
In 2010, Morrison & Co purchased the downstream oil assets of Shell NZ on behalf of the NZ Super Fund and Infratil (50/50 ownership) and rebranded the company as Z Energy.
Where can I use Z fuel card?
Z Business fuel cards can be used to purchase fuel and non-fuel items at any service station or truck stop at Z, Caltex or Challenge. You can pay in store, or at the pump. Every transaction using a Z Business fuel card requires a 4-digit PIN.
Does NZ buy fuel from Russia?
“New Zealand does not purchase any oil or oil products from Russia so would not be directly affected if Russian oil supply is curtailed,” Megan Woods said.
Who is Z Energy Limited?
Z ENERGY LIMITED is a NZ Limited Company from Wellington in NEW ZEALAND. It was incorporated on 18 Jun 1959 and has the status: Registered. There are 520136969 shares in issue. Z ENERGY LIMITED has the company number:12046 and the NZ business number: 9429040935874.
Why does Z Energy own 50% of the New Zealand Refining Company?
Currently Z Energy and BP hold a 50% stake each. Z is considered to have significant influence over its investment in The New Zealand Refining Company (Refining NZ) due to the fact that it has representation on the Board of Directors and therefore has equity accounted this investment.
Is Z Energy owned by Shell?
The former Shell operations were rebranded as Z Energy in 2011. Shell exited the fuel distribution market in New Zealand in 2010. Shell and its assets including a 17.1% stake in listed Refining NZ were acquired by Infratil and the New Zealand Super for $891 million.
How can Z Energy help you?
How can we help? At Z Energy, we take safety and emergencies very seriously. These numbers can help, but if you’re in any doubt dial 111 for emergency services straight away. We’re an Aotearoa New Zealand company and we currently supply around 40 percent of all transport fuels in New Zealand; petrol, diesel, jet fuel, bitumen and fuel oil.