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Z Energy in major fuels expansion with $NZ785m Chevron NZ purchase

2015-06-02 03:41:16| Energy - Topix.net

New Zealand petrol service station owner Z Energy has sealed a $NZ785 million deal to buy US major Chevron's local chain of Caltex-branded stations in a move that will give the local player almost half the country's transport fuel market. In a deal first revealed by The Australian Financial Review 's Street Talk online on Monday, Z Energy is buying 100 per cent of Chevron New Zealand, in a transaction that will include all its remaining downstream interests.

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