Key points:
Its shares dropped 19.6 per cent after it responded to media reports, which it described as "misleading".describe "suspected money laundering, organised crime, large-scale fraud and foreign interference" enabled by The Star. "There are constraints on publicly discussing specific individuals. We will take the appropriate steps to address all allegations with relevant state and federal regulators and authorities," the company said.
Z Energy shares hit an 18-month high in New Zeland trade after its board recommended the deal to shareholders.Last week, the local share market snapped its four-week losing streak, while the major US indices also made weekly gains, despite falls on Friday.
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