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NZ Regulator Clears Z Energy Purchase of Chevron NZ Operations

stander
stander
in Oil, Gas and Energy News

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WELLINGTON, April 29 (Reuters) - New Zealand's Commerce Commission on Friday cleared petrol retailer Z Energy Ltd to buy 100 percent of the shares in Chevron New Zealand, subject to some divestments.


The regulator stipulated that Z Energy must divest 19 retail sites and one truck stop in locations "where the Commission considers competition would be substantially reduced as a result of the merger.


http://www.downstreamtoday.com/news/article.aspx?a_id=51973


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