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.

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